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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.
Updated May 9, 2023, 3:13 a.m. Published Nov 16, 2020, 12:51 p.m.
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.
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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.
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.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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