Currency Stuck at Border Prior to Weekend - Updates on Exchange Rates, May 30

Currency Exchange Rates Update

The American dollar, euro, Russian ruble, and yuan experienced minimal changes in value ahead of the weekend, with the dollar and euro experiencing a slight depreciation of 0.01 kopecks and 0.3 kopecks, respectively. The yuan dropped by 0.91 kopecks, while the Russian ruble appreciated by 0.3 kopecks in five consecutive trading days. As of May 30, 2025, the exchange rates were as follows: dollar - Br2.9958, euro - Br3.3781, Russian ruble - Br3.7807 per ₽100, and yuan - Br4.1373 per ¥10.

Token Rate Calculation Procedure Approved in Belarus

Belarus has approved a procedure for calculating token rates, which will take effect at the end of August, three months after its official publication. The government's decree mandates token platform operators to submit average token cost information to the Secretariat of the Supervisory Board of the High-Tech Park. This includes trading system operations, buy-sell and exchange transactions, as well as digital signs issued through Initial Coin Offering (ICO) organizers.

Legally operating crypto platforms in Belarus, residents of the High-Tech Park, will be impacted by this procedure. As per Decree No. 367 of September 17, 2024, "On the Circulation of Digital Signals (Tokens)," transactions involving fiat money are only permitted on these platforms.

Our journalist uncovered that this new document brings changes for digital asset market participants, with more details available in our subsequent article.

For the most favorable exchange rates, head over to currency exchange offices here.

Overall Context

Belarus introduced significant changes to its tax regulations in early 2025, affecting both traditional businesses and digital asset market participants. The specific procedure for calculating token rates is not yet detailed, with the focus on tax treatment and broader financial planning for businesses, particularly those in the IT sector.

Key Tax and Regulatory Updates

A new tax rate of 25% applies to total income exceeding 220,000 BYN per year, effective January 1, 2025. This income includes dividends, employment contracts, and intellectual property-related contracts.
Tax authorities will calculate the tax based on a declaration, which must be filed by March 31, 2026, with payment due by June 1, 2026.
Belarus continues to offer tax exemptions for income derived from token transactions, maintaining a favorable environment for digital asset activities.
Reduced or zero rates for certain dividend distributions will expire in the near future, impacting long-term financial planning for stakeholders.

Impact on Digital Asset Market Participants

The exemption from taxation on income from token transactions encourages Companies and individuals to engage in digital asset markets without additional tax burdens.
Increased clarity and compliance requirements may increase administrative overhead but also bring greater clarity to market participants.
Liquidity and conversion tools, such as HitBTC Token to BYN calculators, aid in compliance and financial planning.
Market confidence is likely bolstered by the tax exemption for token transactions and clear regulatory timelines, enhancing participation in Belarus’s digital asset ecosystem.

Summary Table

| Regulatory Aspect | Change/Current Status (2025–2026) | Impact on Digital Asset Participants ||----------------------------------|-----------------------------------------------|-------------------------------------------|| Tax on token transactions | Exempt from taxation | Encourages participation and investment || Income tax threshold | 25% if total income > 220,000 BYN per year | Incentivizes accurate tracking/declaring || Dividend tax for IT companies | Reduced/zero rates expiring in 2026–2028 | Affects long-term financial planning || Token conversion tools | Available (e.g., HIT to BYN) | Facilitates compliance and liquidity |

Conclusion

Belarus continues to offer a favorable environment for digital asset market participants by exempting token transaction income from taxation, providing significant benefits compared to traditional financial instruments. The upcoming procedures emphasize the importance of accurate income reporting and timely tax declarations for high earners. The digital asset sector remains largely unaffected by the new tax rate for now, except for those with very high combined incomes from multiple sources.

Engaging in digital asset markets without additional tax burdens is encouraged because income from token transactions is exempt from taxation in Belarus.
Liquidity and conversion tools, such as HitBTC Token to BYN calculators, aid in compliance and financial planning for digital asset market participants in Belarus.