Russian Entrepreneur Opens First Crypto Exchange in Belarus

The first regulated full-featured trade platform for tokenized exchange assets in Belarus was opened this week, Forklog reports.

The exchange is set up by Larnabel Ventures, controlled by Said Gutseriev, the son of Russia’s oligarch Mikhail Gutseriev, and VP Capital, а Belarusian company owned by Viktor Prokopenya, who has dual Belarusian-Cypriot citizenship, the report said.

The platform will issue over 10,000 tokenized assets. Every token matches the base market value of conventional financial instruments (securities, indexes, raw materials). Users will be able to buy these tokens using cryptocurrencies (bitcoin or Ethereum) or fiat currencies., an investment company regulated by FCA and CySEC, is the technological partner for, BELTA news agency reported on January 15.

The project has been launched by Currency Com Bel LLC, and has been registered as a resident of the Belarusian Hi-Tech Park in December.

“Thanks to the forward-thinking Digital Economy Development Ordinance Belarus is becoming one of the most promising countries with regard to blockchain technologies and a world leader in developing special legislation catering to the crypto industry,” Said Gutseriev said in a statement.