The financial regulator of Belarus plans to attract banks to create and implement transactions with tokens. It is reported by Sputnik Belarus.
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According to the draft decree, financial institutions will be able to issue utility tokens and conduct their initial proposals to attract financing in national and foreign currencies.
Also, banks will be allowed to purchase third-party tokens, including tokens of other banks and cryptocurrency platform operators.
“Banks are not allowed to receive cryptocurrencies,” the rationale emphasizes.
Financial institutions will be able to carry out these operations only through the mediation of residents of the High Technology Park (HTP), in whose territory there is a special legal regime. These include Currency.com, iExchange, and Free2ex.com, as well as the investment platform Finstore.by.