The National Bank does not plan to allow settlements in cryptocurrencies

The issue of allowing settlements in crypto-currencies is not being considered in Belarus, Chairman of the Board of the NATIONAL BANK Pavel Kallaur said on October 18 at the opening of the international forum on banking information technologies BankIT'2017, BelTA informs.

“As for cryptocurrencies, the issue of allowing settlements in cryptocurrencies for goods, works, services on the territory of Belarus is not considered in principle,” said Pavel Kallaur.

In Belarusian legislation, cryptocurrencies are not yet regulated in any way. At the same time, the new draft decree, which should turn Belarus into an it country, provides for the introduction of cryptocurrencies and tokens into civil circulation. A comprehensive legal regulation is proposed so that HTP residents can provide services of crypto exchanges, crypto exchangers, raise funding through ICO, use cryptocurrencies and tokens in civil circulation. This will make it possible to introduce into the legal field not only cryptocurrencies, but also the activities of the so-called miners. In the future, it becomes possible to legally create large mining crypto centers in Belarus.

Bitcoins are virtual money based on blockchain technology, a distributed database that contains information about all transactions carried out by system participants. The system is securely encrypted for changes, but anyone can view its contents.

In addition to bitcoin, there are more than 1100 types of digital money in the world. And the total capitalization of this market is 133 billion dollars. However, bitcoin is the most popular and expensive of them. Recently, the rate of the world's main cryptocurrency bitcoin has updated a record and rose to $5855 - an increase of more than 20% in a day. At the time of writing, the Bitcoin exchange rate was $5,369. In 2017, bitcoin has risen in price by 12 times.