Belarusian President signs order establishing framework for crypto banking
Crypto Briefing
Belarusian President Lukashenko signed a decree formalizing regulations for cryptobanks operating within the country.Summary
Belarusian President Alexander Lukashenko has signed a decree establishing a legal framework for cryptobanks, aiming to position Belarus as a financial technology hub. The new regulations permit cryptobanks, which must be joint-stock companies, to integrate traditional banking services with digital token activities. Eligibility is restricted to firms located within Belarus’s High-Tech Park (HTP) and registered with the National Bank. These institutions must comply with regulations for non-bank financial institutions and adhere to the HTP Supervisory Board's decisions. Belarus has historically been proactive in crypto regulation, previously declaring individual mining and trading tax-free in 2017.
(Source：Crypto Briefing)