Belarus President Signs Legal Framework for ‘Cryptobanks’

• Belarus formalizes cryptobanks, linking token services with core financial operations.
• Dual oversight by National Bank and High-Tech Park ensures compliance and innovation.
• Mining growth and stricter exchange rules aim to control crypto while boosting tech.

Belarus has taken another step toward formalizing its digital asset sector after President Alexander Lukashenko signed a new decree outlining how crypto banking will work in the country. On January 16, he approved Decree No. 19, titled “On cryptobanks and certain issues of control in the field of digital signs (tokens).” 

The decree sets clear rules for companies that want to combine token operations with core financial services. Additionally, it reinforces Belarus’s ambition to position itself as a hub for financial technology across the region, while keeping tighter oversight on how digital assets move t…

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