Key Highlights
- Belarus introduced rules for crypto banks, including 26 approved cryptocurrencies, with Bitcoin, Ethereum, Solana, and Toncoin among them.
- The country also defined 11 allowed crypto banking activities, such as deposits, loans, staking, transfers, exchange, storage, and token issuance.
- Officials said the system is flexible and can be updated over time as the crypto market and investor needs grow.
The Belarusian government has reportedly introduced new rules for crypto banks, setting out how they will operate under a formal government system.
According to a local report, the update was shared by Alexander Egorov, Deputy Chairman of the National Bank, during the “Digital Banking – 2026” conference that took place on April 23.
The rules are outlined in a decree titled “On Crypto Banks and Certain Issues of Control in the Field of Digital Tokens.” The document now serves as the main guide for how crypto banks will be set up and managed in Belarus.
Official rules for banks offering crypto services
A key part of the plan is a list of about 26 approved cryptocurrencies that banks can use. The list includes well-known tokens like Bitcoin, Ethereum, Solana, and Toncoin, along with some stablecoins.
Officials said the list is not fixed and can be updated later depending on market changes and investor activity. Egorov said the system will stay flexible so it can be updated as the market grows and new ideas come in.
Regulators have also defined 11 types of activities that the banks are only allowed to do. The rule listed crypto deposits, loans backed by digital assets, and the use of digital assets as pledges. It also lists staking services, transfers between individuals and companies, exchange functions, storage services, and the issuance of tokens by crypto banks.
Officials say the framework will change over time
Officials said setting clear procedures for these operations is important because it affects how banks handle accounting, as well as performance tracking. They said that without clear rules, financial reporting and risk management would be difficult to standardize across institutions.
The framework was developed jointly by the National Bank and the High Technology Park, with additional coordination involving government bodies. Officials also said more legal acts are being prepared to support the rollout of crypto banking regulations.
Egorov explained that the system is designed to remain open to updates, calling the joint document a “living” framework that will evolve over time as new ideas and investor needs appear. The list of operations and currencies is expected to expand as the sector develops.
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