Belarus Establishes Crypto Bank Framework Under National Bank Supervision
Belarus has taken a significant step toward integrating digital assets into its financial system by legalizing crypto banks. President Alexander Lukashenko's decree permits financial institutions to offer cryptocurrency services alongside traditional banking products, signaling a modernization push.
The framework restricts crypto bank operations to High-Tech Park (HTP) residents listed in a National Bank registry. These institutions will function as non-bank financial entities under HTP governance, balancing innovation with regulatory oversight.
For Belarusian users, the MOVE promises smoother fiat-crypto integration through hybrid financial products. The regulated approach could reduce transaction friction while providing legal clarity for digital asset activities—a contrast to many jurisdictions' ambiguous stances.
