Belarusian President Signs Order Establishing Framework for Crypto Banking

PermabullPete · 2026-01-16T17:22:22+00:00

Belarusian President Lukashenko has enacted a decree to establish a legal framework for cryptobanks, aiming to position Belarus as a fintech hub. Only companies in the High-Tech Park and registered with the National Bank can operate, adhering to specific regulations.

PermabullPete

2026-01-16 17:22:22

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Source: CryptoBriefing Original Title: Belarusian President signs order establishing framework for crypto banking Original Link:

Overview

Belarusian President Alexander Lukashenko has signed a decree establishing a legal framework for cryptobanks in the country. The decree, issued on Friday, is intended to establish Belarus as a hub for financial technology, specifying that cryptobanks are joint-stock companies permitted to integrate traditional banking and payment services with activities involving digital tokens.

Key Requirements

Under the new regulations, only companies located in Belarus’s High-Tech Park (HTP) and registered with the National Bank are eligible to operate as cryptobanks. HTP provides a special economic zone with distinct tax and legal benefits.

These institutions must also follow regulations for non-bank credit and financial institutions and adhere to decisions of the High-Tech Park Supervisory Board.

Belarus’s Crypto Leadership

Belarus was among the first countries to create a legal framework for crypto activities, including smart contracts, mining, and exchanges. Under a 2017 decree, mining and trading were declared tax-free for individuals, eliminating the need to declare crypto income.

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StakeOrRegret

· 01-18 01:05

Wow, Belarus is also starting to do crypto banking? Are they trying to overtake on a curve?

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ChainPoet

· 01-16 17:50

Wow, Belarus is about to make a big move, directly adopting the crypto banking framework...

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CryptoNomics

· 01-16 17:50

lmao lukashenko finally figured out what a blockchain is? correlation between authoritarian regimes and crypto adoption is statistically significant, but honestly the r-squared is basically noise at this point. another country, same playbook... ceteris paribus, does anyone actually believe this moves the needle?

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Degentleman