According to where I read it, Ministry of Foreign Affairs of the Republic of Belarus said thee is high crypto crime rate in P2P crypto transactions while exchange bitcoin with each other.
https://cointelegraph.com/news/belarus-wants-to-ban-p2p-cryptocurrency-transactionsThe authority cited a high cybercrime rate in Belarus, stating that local prosecutors have suppressed the activity of 27 citizens providing “illegal crypto exchange services” since January 2023. Their total illegal revenues amounted to nearly 22 million Belarusian rubles ($8.7 million).
So if Belarusian wants to sell bitcoin which is an asset to themselves, they have to go through a centralized exchange approved by Belarus Hi-Tech Park (HTP).
Is this not too hash?
There is nothing that can stop P2P trading. It can only be reduced.
And don't forget the important part....And the government can track it so they can get their tax revenue. It's all about the money. Belarus is a small country with a small budget but a lot of expenses so here is another way to generate funds. Leaving out the political good / bad part of it even now they are asking Wagner mercenaries to train the military while building a large military base. That ain't free. All while more and more people are not doing business there because of their ties to Russia. Now, once again do not want to get political about that but the budget hole has to be filled somehow.