Belarus Formalizes Crypto Banking Framework with Decree No. 19
Belarus has taken a decisive step toward integrating digital assets into its financial system with the signing of Decree No. 19. The legislation establishes crypto banks as joint-stock companies, requiring registration within the High-Tech Park and inclusion in the National Bank’s official registry. These hybrid institutions will operate under dual supervision—combining oversight from park authorities with central banking regulation—while offering both traditional banking services and digital asset operations.
The MOVE positions Belarus as a regulated hub for blockchain innovation, aligning with global trends toward institutional crypto adoption. By mandating residency in the High-Tech Park, the decree ensures these entities contribute to the country’s tech ecosystem while maintaining rigorous financial compliance standards.
