Belarus Crypto Banks Registration Marks New Financial Era

Belarus has taken a significant regulatory step by formally registering its first two crypto banks, marking what officials are calling a landmark moment for the country’s digital finance ambitions. The move, tied to legislation that took effect just months earlier, signals that Minsk intends to blend traditional banking with cryptocurrency operations rather than treat them as separate worlds. The Belarus crypto banks registration process, approved on 28 September, opens a new chapter for the country’s Hi-Tech Park and its broader financial sector.

Key takeaways

• Two residents were registered in Belarus’ Hi-Tech Park (HTP) with crypto bank status on 28 September.
• The decision was approved by the HTP Supervisory Board, chaired by Prime Minister Aleksandr Turchin.
• A presidential decree on crypto bank activities came into force in July 2026, laying the legal groundwork.
• After HTP registration, both institutions must still undergo accreditation at the National Bank before fully operating.
• The HTP and National Bank have jointly set requirements covering operations and reporting for crypto banks.

Belarus Registers First Crypto Banks in Hi-Tech Park

Two organizations have officially become the first crypto banks in the country’s history after being registered as residents of the Hi-Tech Park, according to BelTA. The announcement followed a meeting of the HTP Supervisory Board held in government offices on 28 September, chaired by Prime Minister Aleksandr Turchin.