Belarusian President Alexander Lukashenko The Decree No. 19 has been signed by the President. 19 “On Cryptobanks and Certain Issues of Control in the Field of Digital Tokens,” Create a formal legal framework in order to regulate bitcoins and crypto banks.
It is important to note that the word “you” means “you”. decree Belarus is a centre for innovative financial technologies, and provides a regulatory path for services involving cryptocurrency.
According to the new law a cryptobank is a company registered in the High-Tech Park of Belarus (HTP), and listed on the National Bank of Belarus registry.
These institutions can offer both traditional banking services — such as deposits, loans, and transfers — and activities involving digital tokens, creating a hybrid financial model that blends fiat and crypto operations.
The National Bank will only allow firms that are registered in its crypto bank registry and have been listed with the HTP to be able to conduct business. The crypto banks won’t be commercial banks, but they will operate as non-bank institutions that are subject to double regulation.
They must also comply with the rules that apply to non-bank financial and credit institutions. These include capital requirements, risk management obligations, and anti-money-laundering (AML), counter-financing terrorism (CFT), as well as standards for consumer protection.
A HTP Supervisory Board decision is also required.
Belarus’ pro-bitcoin push
The law is part of Belarus’ broader push Integrating digital banking with existing infrastructure. “Dual regulation will allow a crypto bank to offer clients innovative financial products that combine the advantages of traditional banking operations with the technological efficiency, speed, and convenience of digital token transactions,” Noted is the website for President Obama
Belarus is known for its early adoptions of crypto-regulations. A 2017 decree established Tax-free conditions are available for mining cryptocurrency and for trading it, removing the requirement for people to declare their crypto income.
Lukashenko also promotes virtual payments systems and Bitcoin mining projects in recent years.
In the second half 2026, it is anticipated that Russia will launch a full-scale digital ruble.
The new framework may make it easier for local businesses and users to access hybrid financial products, which combine fiat currencies with digital ones. The crypto bank may be able to reduce friction by making the settlement process smoother. It also sets clear regulations, so that the crypto operation is fully supported by fiat money and subjected to supervision.
Belarus is aligning its move with global trends towards on-chain financing and tokenized assets as financial institutions and banks explore blockchain technology to manage payments, trade, and assets.
KBC Group, a Belgian company, has just launched a new website. said they will become The first local bank will allow retail customers to trade cryptocurrency starting 16 February via its Bolero Platform under EU MiCAR regulations.
Before trading, customers must take a risk assessment test.
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Source: bitcoinmagazine.com
