Quote from: ZAINmalik75 on Today at 06:49:47 PM

Quote from: _act_ on Today at 10:20:25 AM

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.
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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 harsh?

There is nothing that can stop P2P trading. It can only be reduced.

I do not interpret this news as they are banning it, as you mentioned they are asking p2p providers to get verification from their centralized authorities which will decrease the scam rate and will increase the adoption of crypto. No doubt, many will go against this new law because governments will definitely do it to change taxes if they had not implied it before.

And many users must not like that. I think it is a good step instead of taking a step to ban it completely they are benefiting the crypto users and themselves too. Such actions are not made by every country like mine because our country had totally banned crypto while many influencers had given them the idea of imposing tax instead of banning it. Because people will still find a way to do crypto-related activities so why not just make it legal and also benefit from it too. Even now the IMF has also made statements in favor of Crypto and said countries will be left behind which will not use this technology.

Of course, countries not partaking of the crypto currency technology is going to be way behind both technically and technologically.
It is quite understandable about the Belarusian situation because seeing they are close to Russia, crime is likely going to sponsored by making payments via crypto, mostly now when the war is around their borders.
By restrictions on the P2P, it will help expose refugees, because with the use of a centralized exchange, the authorities would be able to know those who are not its citizens.
Let's see how this scenario plays out in the long run.