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Belarusian Fined $1 Million for Illegal Crypto Trading

January 13, 2023

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Cryptocurrency Trader Tries to Challenge Fine in Belarusian Court

The Supreme Court of the Republic of Belarus has rejected the appeal of a Belarusian against a lower-instance ruling ordering him to pay 2,700,000 Belarusian rubles (around $1 million) to the state for trading digital assets outside the law.

The man, identified only by the initial ‘A,’ is accused of using the Telegram messenger to set up an online cryptocurrency exchanger in January 2021. He allegedly made 5,400,000 rubles as income from his illegal activities.

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