Minsk crypto summit highlights the market’s growing maturity
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The Crypto Summit in Minsk demonstrated the market’s maturity

The crypto industry presented itself as a more mature and pragmatic sector at the Blockchain World 3.0 international summit, held in Minsk. This is the third event organized by Belarusian crypto market operators.
Tatiana Sichirliiscaia Reading time: 2 minutes
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Crypto Summit

This year, the event brought together more than 450 participants from six countries: Belarus, Russia, China, Kazakhstan, Uzbekistan, and France. The summit’s agenda covered the hottest trends—from mining and Web3 to the integration of artificial intelligence into fintech.

The summit demonstrated that the cryptoeconomy is transforming from a niche environment into a global ecosystem. In Belarus, the government has become involved through regulation and legislative preparations for the creation of cryptobanks.

Application of Technologies in the Real Economy 

There has also been a clear shift toward the application of technology in the real economy.

The market’s maturity is demonstrated not only by large-scale projects but also by applied solutions.

The audience was impressed by the concept of “crypto boilers” from Dmitry Aksyutik (DD Crypto)—a network of home mining nodes that heat private homes using the heat generated by the equipment, with a payback period of 17–20 months.

At the same time, the computing power is used to support AI infrastructure. Meanwhile, the “Crypto Oaks” project, presented by Evgeny Shaposhnikov, shifted the focus to environmental sustainability and the tokenization of reforestation.

WhiteBird representative Svetlana Voskolei, cited by the Belarusian portal tochka.by, added some local context: while transactions through Belarusian exchanges and mining are not taxed, converting crypto to fiat through gray-market schemes carries a penalty tax of 26%.

The main risk for investors today is not a drop in the exchange rate, but the inability to document the origin of funds.

And the main conclusion: the Wild West era is over. What follows is the influx of institutional capital, the consolidation and growth of market participants, as well as a total tightening of compliance and legal requirements in the areas of anti-money laundering and combating the financing of illegal activities.


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