A New Era for Crypto Banking
According to the Belarusian National News Agency, President Alexander Lukashenko has officially signed Decree No. 19, introducing regulations for crypto banks and digital tokens. This marks a significant step forward for Belarus in the fintech sector.
Key Regulatory Provisions
Under the new decree, crypto banks are defined as joint-stock companies authorized to conduct banking, payment, and related financial operations involving digital tokens. Entities wishing to enter this space must meet several conditions:
- Be registered as a resident company of the High-Tech Park
- Be listed on the National Bank's register of crypto banks
- Comply with regulations applicable to non-bank credit institutions
- Follow resolutions issued by the High-Tech Park supervisory board
This move not only reinforces Belarus's position as a leader in financial technologies but also opens up more opportunities for compliant operations in the crypto sector.