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.
How did the Belarusian Government knows that individuals are doing p2p? Because I thought the p2p is invisible to other people so how come Belarusian government identify the people and suppressed them. Or did they track them through the addresses. I have not really gotten the method they used. Bitcoin is decentralized and that make it not a third party to see what is going on between the two transactors. Please I will need expert explanation on this matter.