{"id":77516,"date":"2023-04-19T18:08:19","date_gmt":"2023-04-19T15:08:19","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77516"},"modified":"2025-09-10T23:46:19","modified_gmt":"2025-09-10T20:46:19","slug":"belarusian-central-bank-approves-cbdc-concept","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/belarusian-central-bank-approves-cbdc-concept\/","title":{"rendered":"Belarusian central bank approves CBDC concept"},"content":{"rendered":"<p>Belarus has developed and approved a concept for a national digital currency. This was announced by the chairman of the board of the National Bank, Pavel Kallaur, according to <a href=\\\"https:\/\/www.belta.by\/amp\/economics\/view\/budet-li-v-belarusi-tsifrovoj-rubl-natsbank-rasskazal-o-perspektivah-562154-2023\/\\\">\u00ab\u0411\u0435\u043b\u0442\u0430\u00bb<\/a>.<\/p>\n<p>\\n\\n<\/p>\n<p>According to him, the regulator is currently developing a pilot platform.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cWe are working on building a demo version, a platform, to test it. We are also looking at the Bank of Russia&#8217;s experience to learn from others&#8217; mistakes and not repeat our own,\u201d Kallaur said.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>A decision on the advisability of issuing the digital Belarusian ruble will be made by the end of 2023.<\/p>\n<p>\\n\\n<\/p>\n<p>At the same time, the introduction of the new financial instrument will require changes to the Civil, Banking and Tax Codes and to budget legislation.<\/p>\n<p>\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cIf a decision is made, a pilot project will need to be carried out to ensure that the approaches work. The experiment with a narrow circle of participants \u2014 banks and individuals,\u201d the chairman of the National Bank\u2019s board noted.<\/p>\n<\/blockquote>\n<p>\\n\\n<\/p>\n<p>He added that the technology would be of greatest interest in cross-border payments.<\/p>\n<p>\\n\\n<\/p>\n<p>Earlier in March, Belarusian President Alexander Lukashenko <a href=\"https:\/\/forklog.com\/en\/news\/belarus-extends-tax-incentives-for-the-bitcoin-industry-until-january-1-2025\">signed an order<\/a> extending tax incentives in the crypto sector until January 1, 2025.<\/p>\n<p>\\n\\n<\/p>\n<p>The document applies to residents of the Hi-Tech Park, within whose territory since 2018 the circulation of cryptocurrencies and tokens has been allowed under a framework.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Belarus has developed and approved a concept for a national digital currency. This was stated by Pavel Kallaur, chairman of the National Bank.<\/p>\n","protected":false},"author":1,"featured_media":77517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[239,1095,809],"class_list":["post-77516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-belarus","tag-cbdc","tag-central-banks"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=77516"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77516\/revisions"}],"predecessor-version":[{"id":77518,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77516\/revisions\/77518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/77517"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=77516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=77516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=77516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}