Belarusbank, the largest bank in Belarus, is considering setting up a crypto exchange

Belarusbank, the largest bank in Belarus, is considering setting up a crypto exchange, local information agency BelTA reports on Jan. 28.

According to the bank’s chairman of the board Viktor Ananich, efforts are now being made to explore the possibility of setting up a cryptocurrency exchange.

Ananich claimed that digitization is one of the most important focuses of Belarusbank in 2019, noting that the bank is also working with mobile carriers, aiming to expand its services. Specifically, Belarusbank is planning to issue virtual cards — online, rather than physical, credit cards — in a few months, as Ananich revealed.

The chairman emphasized that the banking sector should keep up with the digital industry, as the space is evolving very fast.

Owned by the State Property Committee of Belarus, Belarusbank is the leading banking institution in the country, according to its volume of equity, assets, loans and deposits. Belarusbank was reportedly estimated to have $13.51 billion in operating assets in 2017.

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