Key Initiatives for Market Stability and Security
President Lukashenko signs decree for regulated crypto banks. Initiatives aim for market stability and security. Belarus positions as Eastern European crypto hub.
New Decree Establishes Dual Regulation for Crypto Banks
Belarus President Alexander Lukashenko has signed Decree No. 19 on January 16, 2026, establishing legal frameworks for 'crypto banks' as joint-stock companies under dual regulation.
The decree positions Belarus at the forefront of Eastern Europe's crypto market by integrating traditional banking with digital token services, setting a precedent for regulated crypto integration in financial sectors.
Belarus President Alexander Lukashenko signed a decree establishing guidelines for crypto banks. These are joint-stock companies merging traditional and digital banking, introducing a regulated framework to boost innovation and maintain transparency in the crypto financial sector.
Regulatory Oversight and HTP Resident Status
Under the new regulation, these crypto banks will operate under the National Bank of Belarus and High-Tech Park (HTP). Entities must gain HTP resident status and adhere to guidelines, ensuring financial stability while fostering technological advancement.
Attracting Innovation and Strengthening Economic Image
The decree aims to attract digital finance innovation and strengthen Belarus's image as a crypto-friendly nation. It impacts Belarus’s financial landscape by introducing novel banking solutions that integrate digital transaction efficiencies.
These changes may influence financial inclusion, encourage technological investments, and foster an adaptable economic environment. The dual regulatory framework seeks to balance technological growth with protection against financial risks and threats.
As Belarus continues to embrace crypto, the regulation could inspire similar frameworks globally. The crypto banks initiative reflects a shift towards comprehensive digital financial strategies, potentially changing perceptions of national economic resilience in sanctions-rich contexts.
Expert Expectations and Global Integration
Experts expect any regulatory tweaks to prompt further collaboration between public and private sectors. Historical trends show Belarus's crypto-friendly policies evolving since 2017. Compliance with AML/CFT standards will reinforce consumer confidence and bolster economic integration with global digital finance.
Presidential Statement on Dual Regulation
Dual regulation will allow a crypto bank to offer clients innovative financial products that combine the advantages of traditional banking operations with the technological efficiency, speed, and convenience of digital token transactions. - Alexander Lukashenko, President of Belarus