Belarus Crypto Payments Hit Record $1.7 Billion in 2025

• Lyla Velez
• September 10, 2025
• Adoption
• 0 Comments

Belarus President Alexander Lukashenko announced that crypto payments reached a record $1.7 billion in the first seven months of 2025. This milestone reflects significant growth within the nation’s digital economy.

This event underscores Belarus’s digital asset surge, impacting cross-border transactions. President Lukashenko’s emphasis on innovation boosts Belarus’s digital profile.

“Today, cryptocurrency-based transactions are more active than ever, and their role in facilitating payments is growing. In the seven months of this year, the volume of external payments through cryptocurrency exchanges amounted to $1.7 billion.” — Alexander Lukashenko, President of Belarus.

Belarus recorded $1.7 billion in external crypto payments through exchanges from January to July 2025, marking a peak in the nation’s digital transactions. President Alexander Lukashenko’s support of technology, through Decree No. 8, paved the way. Key players, including the First Deputy Chairman of the National Bank, Aleksandr Yegorov, proposed a government-supervised crypto bank. The bank is envisioned as a specialized entity for crypto transactions and aims to attract foreign investments.

The increased volume of crypto payments impacts Belarus’s economy, with notable growth in cross-border transactions. However, Lukashenko warns of consumer risks, indicating that not all funds return. Proposed regulations focus on fraud prevention and tighter oversight of local platforms. Immediate impacts from the record-breaking flow include increased focus on protecting consumers while fostering technological growth.

Financial, political, and technological implications are vast, with potential for increased investor interest and an innovative regulatory environment. Potential outcomes include advancements in regulated crypto banking structures, as Belarus joins nations like Switzerland and Singapore. The creation of an experimental crypto bank aligns Belarus with global leaders in regulated digital finance. Similar initiatives worldwide suggest a potential increase in technology investment and a focus on consumer safety measures.