Belarus’ Lukashenko Legalizes Cryptobanks with New Decree
- President Lukashenko signs decree for legalizing cryptobanks.
- Focus on hybrid fiat-crypto financial services.
- Dual regulation by Belarus National Bank and High-Tech Park.
Belarusian President Alexander Lukashenko signed Decree No. 19 on January 16, 2026, establishing cryptobanks in Belarus to enhance cryptocurrency services under regulated frameworks.
The decree underscores Belarus’s shift towards integrating cryptocurrency with traditional banking, potentially altering financial services and digital token transactions amid ongoing global market changes.
On January 16, 2026, Belarusian President Alexander Lukashenko signed Decree No. 19, permitting the creation of cryptobanks. These joint-stock companies combine digital token operations with traditional banking and must operate in the High-Tech Park.
The decree mandates that cryptobanks hold resident status in the High-Tech Park and register with the National Bank of Belarus. It introduces dual oversight from the National Bank and the park’s Supervisory Board.
The decree is expected to impact industries by creating hybrid financial products, enhancing digital and fiat interaction. Businesses in the High-Tech Park may benefit from specialized regulatory frameworks and new opportunities.
There are no immediate financial allocations specified. However, the decree broadens the scope for regulated Bitcoin BTC -0.45% and digital token uses, fostering an environment for enhanced financial innovation within Belarus.
Historically, Belarus’s supportive stance towards crypto began in 2017. Initiatives like the digital ruble planned for 2026 underline state-driven cryptocurrency integration. Alexander Lukashenko, President of Belarus, noted the nation’s push for “innovative financial products that combine the advantages of traditional banking operations with the technological efficiency, speed, and convenience of digital token transactions.” aimed at modernization and economic diversification.
The decree could lead to increased foreign interest as Belarus positions itself as a pioneer in regulated crypto-banking. This move is expected to align with global trends towards embracing digital assets within controlled environments.
