Post
Topic
Board Bitcoin Discussion
Re: Belarus wants to ban bitcoin P2P transactions
by
summonerrk
on 03/07/2023, 16:52:53 UTC
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-transactions

Quote
The 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.

There's not so bad about that.
I love Belarusian exchanges, such as free2ex and currency.com (sometimes called "dzengi"). On both exchanges, you need to approach KYC, but it's nothing terrible, both are reliable and time-tested. And through each of them I was withdrawing money by P2P, but through an ordinary exchange withdrawal of fiat on card. It's certainly not that good and takes some time. At the same time, once the exchange rejected my withdrawal, and did not notify me about it. But in all other cases, everything went smoothly.
Therefore, Belarusians have nothing to fear if P2P transactions will be forbidden.