Belarus Officially Legalizes Crypto Banks in Landmark Digital Finance Move
Belarus has taken a major step toward formalizing its digital finance ecosystem as President Alexander Lukashenko signed a new decree granting official legal status to crypto banks. This decision positions Belarus among a small group of countries actively integrating cryptocurrencies into their regulated financial systems.
The decree provides a clear legal framework for banks and financial institutions that work with digital assets such as cryptocurrencies and blockchain-based services. By recognizing crypto banks at the state level, Belarus aims to reduce legal uncertainty, encourage innovation, and attract foreign investment into its fintech and blockchain sectors.
Importantly, the move focuses on regulation rather than unchecked expansion. Crypto banks will be required to operate under defined compliance rules, helping authorities monitor risks related to money laundering, fraud, and financial instability. This balanced approach reflects Belarus’s intent to support innovation while maintaining control over its financial system.
For the global crypto market, this development sends a strong signal that state-level adoption and regulation are continuing to advance, especially in emerging digital economies. It also strengthens Belarus’s reputation as a crypto-friendly jurisdiction, building on its earlier support for blockchain technology and digital assets.
Overall, the legalization of crypto banks marks a strategic shift for Belarus—one that could accelerate institutional crypto adoption and influence regulatory discussions in other countries watching closely.
