Belarus\u2019 largest bank could set up a crypto exchange The biggest bank in Belarus is exploring the possibility of setting up a cryptocurrency exchange, a new report has revealed. Belarusbank has been on a digitalization wave and crypto could be the next frontier. The report by Belta, a national media outlet, quoted Viktor Ananich, the bank\u2019s chairman of the board, who revealed that the bank is focusing on becoming digital this year. In an interview with Belarus 1 TV channel, he said, \u201cWe are considering a possibility to establish a cryptocurrency exchange. We are working on it.\u201d With over 14,500 outlets spread across the country, Belarusbank is the biggest bank in the Eastern European country. It has over $11 billion worth of assets, and in 2017 it made $1.1 billion in revenue. Headquartered in the country\u2019s capital of Minsk, Belarusbank has recently partnered with mobile service providers in its digitalization bid. It also plans to issue a virtual card in the future, with the Chairman recognizing the rapid pace that technology is taking in recent years. \u201cDigitalization-related projects will be virtually exclusive in nature. However, at present things are changing very fast and we need to keep up with them,\u201d he said. A Budding Blockchain Hub Belarus has been very progressive towards cryptocurrencies, blockchain technology, artificial intelligence and other emerging technologies. Last year, the Belarusian government expressed its interest in partnering with South Korea to develop emerging technologies and be a part of the new industrial revolution. The government has also stated its intention to digitize the economy so as to compete with the elite nations. In its bid to be a blockchain and crypto hub, the government also formulated and released a regulatory framework for the industry towards the end of 2018. The regulations were established by the Belarus High Technologies Park, a special IT-focused economic zone that functions as the country\u2019s Silicon Valley. The regulations established a framework for establishing crypto exchanges, issuing an ICO, internal control rules and more. While the crypto industry in the country is still young, a crypto exchange by the country\u2019s largest bank could be a real game changer.