On January 16, 2026, Belarus took a significant step towards integrating cryptocurrency into mainstream financial operations. President Alexander Lukashenko signed Decree No. 19, establishing a legal framework for crypto banks to operate within the country. This move positions Belarus as a forward-thinking nation in the growing global adoption of digital assets.
What Are Crypto Banks?
Crypto banks, as defined by the new decree, are joint-stock companies that combine digital token services with traditional banking operations. This hybrid approach allows for a seamless merger of blockchain technology’s efficiency and traditional banking’s security. Customers can now look forward to financial services that offer both innovation and stability.
Market Entry Requirements
To operate as a crypto bank, companies must meet two key qualifications:
- Obtain residency status in Belarus’ High-Tech Park (HTP).
- Secure a place in the National Bank’s crypto bank registry.
This dual-qualification system ensures rigorous oversight by both the Hi-Tech Park Supervisory Board and the National Bank, creating a robust regulatory framework. The stringent entry criteria also favor institutional players, ensuring the integrity and stability of this new financial sector.
Dual Supervision and Compliance
Crypto banks in Belarus will operate under a dual regulatory framework. Besides adhering to the rules governing non-bank credit and financial institutions, these entities must comply with decisions issued by the Hi-Tech Park Supervisory Board. This comprehensive oversight balances technological innovation with financial security.
Benefits for Consumers and Businesses
The new legal framework offers significant advantages:
- Speed and Efficiency: Blockchain’s transaction speeds combined with traditional banking processes.
- Security: The trusted infrastructure of conventional banking ensures the safety of financial assets.
- Regulatory Compliance: A supervised environment where businesses and individuals can confidently engage in digital finance.
This regulatory model is designed to attract businesses and individuals seeking innovation coupled with compliance and reliability.
Why This Matters
Unlike jurisdictions that separate cryptocurrency activities from traditional banking, Belarus embraces integration. This approach reflects the growing recognition that digital assets are no longer separate undercurrents but integral to modern financial systems. By allowing crypto banks that merge these two worlds, Belarus is setting an example for other nations aiming to foster innovation while safeguarding financial stability.
Explore Crypto-Compatible Financial Technology
For individuals exploring secure and efficient crypto-banking options, products like Ledger Nano X offer hardware wallets for safely storing digital assets while facilitating quick transactions. This complements the secure banking solutions provided under Belarus’ new framework.
