TechFlow reported on January 16 that, according to the Belarusian Telegraph Agency, Belarusian President Alexander Lukashenko signed Decree No. 19 "On Certain Issues of Regulation in the Field of Crypto-Banking and Digital Tokens," officially establishing the legal status of crypto-banks in the country.
Under the decree, a crypto-bank is defined as a joint-stock company authorized to combine digital token operations with banking, payment, and other related financial activities. To enter the market, a crypto-bank must be an enterprise within the High-Tech Park and included in the National Bank's register of crypto-banks. Crypto-banks must comply with legal requirements applicable to non-bank credit institutions and implement decisions made by the High-Tech Park Supervisory Board.
