Once again, the Belarussian government does not shine in its ability to understand the subject it is tackling...
I wonder how they're going to go about it lol, the concept of wanting to ban anything P2P escapes me completely...
The idea is not to ban Bitcoin P2P transactions but to deem anyone found participating in such activities a criminal who may be prosecuted and "legally" deprived of their belongings, including cryptocurrency holdings. Authoritarian government merely wants more leverage to control its citizens, which is why it keeps introducing such ridiculous laws that can't be realistically enforced at a large scale, but that can be used against opposition and other "wrong" people. Needless to say, "a high cybercrime rate" is just an excuse to introduce more prohibitions.
This will be one more argument they can cobble together in the event of unfair legal proceedings. But I'm hopeful that people will know and have access to documentation that will enable them to avoid such stupid accusations.
In my humble opinion, it's all about getting people to talk about them, and it's not the first or last time that this government has said something irrational to get a bit of international attention.
I sincerely hope for the people of Belarus to get rid of these idiots. I wish them good luck.