Belarusian, Russian central banks discuss regulation of virtual assets

MINSK. Oct 7 (Interfax) - The central banks of Belarus and Russia discussed regulation of virtual assets, among other things, at the 60th meeting of their Interbank Currency Council on Friday, the National Bank of Belarus (NBB) reported.

"The participants in the meeting considered the current economic situation, the dynamic of the bilateral balance of payments of Belarus and Russia, as well as the balance of payments of the Union State in 2021-2023 and forecasts for the development of the economies and monetary and credit sectors of Belarus and Russia for 2025, reviewed the results of the two countries' banking systems in January-August of this year and discussed issues concerning the regulation of virtual assets," the NBB said in a press release.

The council meeting in Yaroslavl was attended by NBB and Central Bank of Russia governors Pavel Kallaur and Elvira Nabiullina.

Belarus and Russia formed the Interbank Currency Council in 1999 with a mandate to prepare intergovernmental agreements in the area of banking, harmonize financial and banking regulations to create equal conditions for businesses in the two countries, and draft recommendations on the development and implementation of coordinated monetary and currency policies.