Belarus’ Largest Bank Launches Cryptocurrency Exchange Service

Belarus’ Largest Bank Launches Cryptocurrency Exchange Service


The largest bank in Belarus, Belarusbank, has reportedly begun providing a cryptocurrency exchange service, allowing customers to buy bitcoin using Visa cards.

Belarusbank’s new cryptocurrency exchange service is in collaboration with bitcoin exchange service provider Whitebird, several local news outlets reported Thursday. The bank revealed its plans to create a cryptocurrency exchange platform early last year.

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Founded in 1991, Belarusbank merged with Sberbank of Belarus in 1995. The government of Belarus owns 99.95% of the bank’s capital. In 2018, the bank entered into a strategic partnership with Whitebird, a resident of Belarus’ Hi-Tech Park, which is also known as the Silicon Valley of Eastern Europe. Whitebird operates under Belarus’ legal framework and in accordance with Decree No. 8 of the President of the Republic of Belarus “On the development of the digital economy” and related decisions of the supervisory board of the Hi-Tech Park.

“This is a service that allows you

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