Belarus is set to enhance its financial landscape with the introduction of legal provisions for cryptobanks. President Alexander Lukashenko signed Decree No. 19 on January 16, 2026, establishing a regulated framework for digital asset operations, integrating them into the country's banking system.
These cryptobanks will function as joint-stock companies, allowing them to merge traditional banking services with token-based operations. To operate, they must secure resident status in the Hi-Tech Park, a government-supported technology zone, and be registered with the central bank. This regulatory structure mandates that cryptobanks adhere to existing rules governing non-bank financial institutions and comply with directives from the supervisory board of the Hi-Tech Park.
This dual oversight model aims to promote innovation in financial services while ensuring that all crypto-related activities align with Belarus's regulatory framework. The government believes that this approach will enhance the country's reputation as a financial IT hub, while reinforcing its established policy of regulating cryptocurrency within defined state-sanctioned channels.