PlayIconNav
BTC
$68,840.80+1.72%
ETH
$3,292.50+1.07%
BNB
$585.63+1.10%
SOL
$182.91+0.53%
XRP
$0.59910048+1.06%
DOGE
$0.13505511+3.71%
CD20
$2,318.41+2.22%
TON
$6.67-1.87%
ADA
$0.42212111+1.73%
TRX
$0.13732573-0.37%
AVAX
$28.96+2.77%
WBTC
$68,841.02+1.65%
Ad
Finance

Belarus Bank to Offer Bitcoin Purchases, With Litecoin and Ether Coming Soon

A Belarusian bank is launching a bitcoin buying service via bank cards for citizens of Belarus and Russia.

By Anna Baydakova
AccessTimeIconNov 16, 2020 at 12:51 p.m. UTC
Updated May 9, 2023 at 3:13 a.m. UTC
Minsk, Belarus
Minsk, Belarus

Belarusbank, one of the largest credit institutions in Belarus, has partnered with OTC broker White Bird to offer a bitcoin buying service, according to an announcement Monday.

For now, purchases will be available via bank cards issued in Belarus and Russia (the two countries' financial systems are well connected). But going forward, the bank is planning to sell cryptocurrency in other neighboring countries, such as Ukraine, Georgia and Commonwealth of Independent States (CIS) nations.

VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • According to Belarusbank spokesperson Alexei Kulik, users will be able to withdraw bitcoin to their wallets "with no intermediaries whatsoever." The service will function using White Bird's online infrastructure.

    Also read: Belarus Nonprofit Helps Protestors With Bitcoin Grants

    Litecoin and ether are expected to be added to the service soon, Kulik told CoinDesk via email.

    Belarus officially legalized crypto transactions in 2018. Bitcoin has become a key tool for distributing help to Belarusians who lost their jobs during protests against President Alexander Lukashenko that have been rocking the country since mid-August.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Read more about
    ExchangesbanksBelarus