By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Belarus establishes rules for ‘crypto banks’: check out the details
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > Belarus establishes rules for ‘crypto banks’: check out the details
Crypto

Belarus establishes rules for ‘crypto banks’: check out the details

By Viral Trending Content 4 Min Read
Share
SHARE

Contents
What Decree No. 19 allows cryptobanks to doHi-Tech Park rules are now tied to crypto bankingCryptobanks face dual oversight and compliance duties
  • President Alexander Lukashenko signed Decree No. 19 to set operating rules and market entry conditions.
  • Cryptobanks must become Hi-Tech Park residents and be registered in a central bank-run cryptobank register.
  • The model introduces dual oversight through financial rules and Hi-Tech Park supervisory board decisions.

Belarus is moving digital assets closer to the core of its financial system after introducing a legal framework for “cryptobanks”.

Instead of treating crypto as a separate industry, the country is building a model where token-related services sit inside existing banking structures and are supervised by the state.

On Friday, Belarusian President Alexander Lukashenko signed Decree No. 19, which defines how cryptobanks can operate and what conditions they must meet to enter the market.

The move gives Belarus a regulated route for crypto-linked banking, while tightening the boundaries around who is allowed to provide these services.

What Decree No. 19 allows cryptobanks to do

Under the decree, cryptobanks are defined as joint-stock companies that can combine token-based activity with traditional banking functions.

This includes banking services, payments, and related financial services, but now within a formal legal structure.

Rather than creating a parallel “crypto sector”, Belarus is linking digital asset operations to the same financial oversight mechanisms and infrastructure that already govern mainstream institutions.

That approach signals an effort to keep crypto activity within a controlled and traceable system.

Cryptobanks will not be open to every player. The framework limits participation to firms that agree to operate strictly within the country’s regulatory requirements.

Hi-Tech Park rules are now tied to crypto banking

A key part of the new framework is the Hi-Tech Park, a state-backed technology zone that already plays a major role in Belarus’s digital economy strategy.

Under the decree, a cryptobank must obtain resident status in the Hi-Tech Park before entering the market.

On top of this, cryptobanks must be added to a dedicated register that will be maintained by the country’s central bank.

This structure effectively places market access behind formal approvals, ensuring the state can monitor who is active and under what rules they are operating.

Cryptobanks face dual oversight and compliance duties

Belarus is applying a layered supervision model to cryptobanks, with requirements that stretch beyond standard financial compliance.

According to the decree, cryptobanks must follow rules applied to non-bank credit and financial institutions.

They also have to implement decisions issued by the Hi-Tech Park’s supervisory board.

This sets up dual oversight that combines financial regulation with technological supervision.

Officials say the approach is designed to support innovative products that mix conventional banking services with token-based transaction efficiencies.

In practical terms, it allows crypto-linked services to be delivered through licensed entities that are already embedded in the formal banking environment.

The new cryptobank rules fit into a longer policy direction where crypto is allowed only within clearly defined and state-approved boundaries.

You Might Also Like

Polymarket Sees Record $153M Daily Volume After Chainlink Integration

Elon Musk’s xAI sues Colorado arguing its AI rules restrict speech

OKX Ventures, HashKey back VPBank-linked CAEX for Vietnam crypto pilot push

Bitcoin Figure Adam Back Denies Being Satoshi Nakamoto

CIA to integrate AI ‘co-workers’ to process intelligence, catch spies

TAGGED: Belarus, Crypto, Crypto News, News, Policy and Regulation
Share This Article
Facebook Twitter Copy Link
Previous Article Lin-Manuel Miranda Then & Now: Photos of the ‘Hamilton’ Genius Over the Years
Next Article World Governments Summit in Dubai expected to be the largest in the summit’s history, organisers say
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?