Belarus officially recognizes crypto as underlying asset for OTC derivatives

The government and central bank of Belarus have passed a resolution to include cryptocurrencies in the list of underlying assets for non-deliverable over-the-counter (OTC) financial instruments, Cryptopolitan reported. The measure takes effect on May 27. As a result, cryptocurrencies like Bitcoin (BTC) can now be used as underlying assets for OTC derivatives, alongside futures, options, interest rates, and stock indices. Non-deliverable OTC products are financial contracts settled in cash based on price differences at maturity, without the actual delivery of the asset. The move is expected to lead to greater integration of crypto into Belarus's traditional financial system and generate new investment demand.