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A major Belarusian bank plans to offer bitcoin (BTC) purchases.
It plans to add support for other cryptocurrencies
In an official announcement made today, one of the largest lenders in Belarus, Belarusbank said it has formed an alliance with the OTC broker White Bird to give customers the ability to buy bitcoin directly from the bank.
According to sources familiar with the matter, for the time being, purchases will be available through bank cards issued in Belarus and Russia. However, in the future, the Belarusbank plans to sell digital currencies in other Eastern European neighboring countries, including Ukraine, Georgia and the Commonwealth of Independent States (CIS) nations.
Second Coindesk, Spokesperson of the Belarusian bank, Alexei Kulik, bank customers will be able to withdraw bitcoins (BTC) directly to their crypto wallets without any intermediary. In particular, the newly unveiled service will touch White Bird’s online infrastructure.
S.similarly, in an email sent to Coindesk, Kulik pointed out that litecoin (LTC) and ether (ETH) are also expected to be added to the service soon.
As previously reported by BTCManager, Belarusbank had shown interest in delving into the space of cryptocurrency services. Now, with the announcement made officially, cryptocurrency enthusiasts in Belarus would appreciate the pro-crypto decision made by one of the largest banks in the country.
Cryptographic Regulations in Eastern European Countries
Historically, Belarus has been one of the most receptive European countries with friendly crypto regulations to foster innovation in this rapidly changing space.
In 2017, Alexander Lukashenko, the president of Belarus, signed a decree legalizing the use of bitcoin and other cryptocurrencies in the country.
Neighboring countries, such as Estonia, for example, have also shown a favorable stance towards cryptocurrencies. Last month, BTCManager reported that the Estonian Central Bank – Eesti Bank – had officially started research to develop a central bank digital currency (CBDC).
Likewise, in July, the Polish Financial Supervisory Authority (KNF) announced that it was considering developing a cryptocurrency-friendly regulatory framework to regulate bitcoin and other cryptocurrencies in the nation.
Conversely, another neighboring country, Ukraine, is looking for crypto assets.
Earlier this year, BTCManager reported that the Ukrainian National Agency for the Prevention of Corruption (NAPC) had defined clear rules for declaring cryptocurrencies as intangible assets.
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