Belarus Authorizes Cryptobanks in High-Tech Park Under New Decree
Belarus has formalized its cryptobank framework with President Alexander Lukashenko signing Decree No. 19, permitting High-Tech Park (HTP) companies to merge token services with traditional banking. The MOVE tightens state oversight of crypto operations while blocking foreign exchanges—a strategic play to domesticate digital asset flows.
Eligibility is restricted to HTP-registered joint-stock companies, subject to dual supervision by the HTP administration and the National Bank of Belarus. The decree follows earlier restrictions on foreign crypto platforms, funneling activity toward regulated local entities.
‘This isn’t deregulation—it’s controlled assimilation,’ observes a Minsk-based fintech analyst. The framework avoids mentioning specific tokens but creates infrastructure for institutional-grade crypto-fiat integration.
