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Belarus registers its first two crypto banks under new digital asset framework

Belarus has registered its first two crypto banks as High-Tech Park residents, though the institutions must secure central bank accreditation before beginning operations.

Physical Bitcoin coins stacked on the national flag of Belarus.
Image: @solidintel_x

Belarus has officially registered its first two crypto banks under a newly established regulatory framework, reports Cointelegraph and industry observers. Established via a presidential decree in January, the regime allows registered firms to accept fiat deposits, process tokenized transfers, and provide digital asset custody under a single regulated entity.[1][5][7][9]

Although registered as residents of the country's High-Tech Park, the institutions cannot open for business immediately, according to crypto.news and BSCN. The entities will operate under joint supervision by the High-Tech Park and the National Bank of Belarus, and they must receive formal central bank accreditation and entry into the official crypto bank registry before launching services.[2][3][4][9]

The approvals are aimed at bridging the gap between traditional banking and digital assets, with Bitcoin Magazine noting the move will encourage closer integration across both sectors. Crypto Briefing added that integrating crypto banks into Belarus's financial system could set an operational precedent for global regulatory frameworks.[6][8]

Key facts

  • Belarus has registered its first two crypto banks under a legal framework established by a presidential decree in January.
  • Both institutions are registered as residents of Belarus's High-Tech Park.
  • The crypto banks must obtain accreditation from the National Bank of Belarus and be listed in its official crypto bank registry before starting operations.
  • The banks will operate under the joint supervision of the National Bank of Belarus and the High-Tech Park.
  • The regulatory framework allows the institutions to manage fiat deposits, tokenized transfers, and digital asset custody under a single entity.

Sources 路 10 sources

  1. WG

    Watcher.Guru@WatcherGuruPost on X 路

    JUST IN: 馃嚙馃嚲 Belarus officially registers its first two crypto banks.

    Open source
  2. CO

    CoinMarketCap@CoinMarketCapPost on X 路

    LATEST: 馃彟 Belarus has registered its first-ever crypto banks, with the new institutions required to be accredited by the National Bank of Belarus before starting operations. https://t.co/pKDUU5KK7z

    Open source
  3. CN

    crypto.news@cryptodotnewsPost on X 路

    JUST IN: Belarus registers its first two crypto banks The two institutions have been registered as High-Tech Park residents but still need accreditation from the National Bank and entry into its crypto-bank registry before they can begin operating. https://t.co/0nWxUnHPSL

    Open source
  4. CO

    CoinGape@CoinGapeMediaPost on X 路

    馃毃 #Belarus Registers First Crypto Banks Belarus has registered its first two crypto banks under its new #digital asset framework, but both still need #National Bank accreditation before launching regulated services. 馃敆 Know more in comments https://t.co/J2q4aIzviM

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  5. CO

    Cointelegraph@CointelegraphPost on X 路

    馃嚙馃嚲 JUST IN: Belarus has registered its first crypto banks, marking the start of operations under the country鈥檚 new regulatory framework. https://t.co/FZZU9wXBR2

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  6. CB

    Crypto BriefingArticle 路

    Belarus registers first crypto banks under new regulatory framework Belarus's integration of crypto banks into its financial system could set a precedent for global regulatory frameworks, enhancing crypto legitimacy. The post Belarus registers first crypto banks under new regulatory framework appeared first on Crypto Briefing .

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  7. SI

    Solid Intel 馃摗@solidintel_xPost on X 路

    INTEL: Belarus registers its first two crypto banks, allowing fiat deposits, tokenized transfers and digital asset custody under one regulated entity https://t.co/HUes6WwTzW

    Open source
  8. BM

    Bitcoin Magazine@BitcoinMagazinePost on X 路

    JUST IN: 馃嚙馃嚲 The first two "crypto banks" in Belarus have been approved. 馃憖 鈥淭his will facilitate closer integration between traditional finance and the crypto industry." https://t.co/Y5CHD00SkP

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  9. BS

    BSCN@BSCNewsPost on X 路

    Belarus Enters The Crypto Banking Era Belarus has officially registered its first crypto banks under a new regulatory framework. The institutions can begin operations after receiving accreditation from the National Bank of Belarus. They must also be included in the regulator鈥檚 official crypto bank registry. The banks will operate under supervision from both the National Bank and High-Tech Park. Belarus created the legal framework for crypto banks through a presidential decree in January.

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  10. CR

    Crypto Rover@cryptoroverPost on X 路

    HUGE: 馃嚙馃嚲 Belarus officially registered its first two crypto banks. They will offer regulated crypto services under supervision from the country鈥檚 central bank. Crypto banking is going mainstream! 馃殌 https://t.co/vv4YNEDyvM

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