Belarus seizes millions of dollars in crypto, according to new investigation claims
The head of the country’s Investigative Committee revealed in a recent interview Belarus has already confiscated crypto assets worth millions of dollars.
As published in Bitcoin news, Belarus had to deal with the challenge of how to seize cryptocurrencies when they were first used in drug trade and later economic crimes.
The head of the nation’s Investigative Committee, told stat-run media that law enforcement agencies had to find a way to confiscate such digital assets.
The former Soviet republic, a close ally of Russia, legalised various crypto activities with a presidential decree which went into force 4 years ago.
Last year, President Alexander Lukashenko hinted at a possible tightening of the country’s crypto regulations, referring to China’s example.
Since the Ministry of Justice adopted a legal procedure last month, the seizure of crypto funds as part have been allowed part of enforcement proceedings.
