Belarus Establishes Cryptobank Framework with New Decree

Belarus has introduced a new framework for "cryptobanks" through Decree No. 19, signed by President Alexander Lukashenko. This decree integrates token operations with traditional banking and financial services within the country.

Key Points of Decree No. 19

The decree is aimed at entities within the High-Tech Park (HTP), a special economic zone in Belarus.
Cryptobanks must be HTP residents and listed in a register maintained by Belarus' central bank.
They are subject to dual supervision by HTP authorities and the National Bank of Belarus.
Entities must comply with legislation governing non-bank credit and financial organizations.
Lukashenko previously proposed developing the national crypto-mining sector using surplus energy resources.

Restrictions on Crypto Exchanges

In December 2025, Belarus restricted access to major cryptocurrency exchanges like Bybit and OKX.
This action was based on an order from the Ministry of Information, enforced by BelGIE.
Users accessing these exchanges from Belarusian IPs receive notices under the Mass Media Act.