Belarus Opens Door To Crypto Banks With New Presidential Decree

On January 16, 2026, Belarus made a historic regulatory advancement by formally authorizing the establishment and operation of “cryptobanks” via Presidential Decree No. 19. This new legal framework marks the first time a government has explicitly carved out a space for financial entities that integrate traditional banking functions with cryptocurrency and token services. The decree addresses key operational and compliance aspects for these hybrid institutions, shedding light on Belarus’s strategic intent to position itself as a forward-thinking hub for digital finance.

The decree articulates stringent guidelines to reconcile banking regulations with the innovative demands of blockchain technologies. By doing so, Belarus aims to foster an environment where payment systems and digital asset management can coexist within a regulated, transparent framework. Operators of cryptobanks will be required to meet licensing criteria akin to those of conventional banks while also adhering to cryptocurrency-specific regulations regarding asset custody, transaction monitoring, and anti-money laundering (AML) compliance.

Implications for the Belarusian Crypto Ecosystem and Beyond

This regulatory milestone could serve as a catalyst for domestic crypto adoption and institutional investment. Belarus has been gradually nurturing its blockchain sector, and Decree No. 19 provides much-needed clarity and legitimacy that can attract innovators and investors alike. By bridging the gap between token services and traditional payment infrastructures, cryptobanks have the potential to streamline digital currency use cases ranging from remittances to tokenized asset management.

Moreover, Belarus’s move might inspire other jurisdictions seeking to integrate cryptocurrencies into their formal financial systems without compromising regulatory oversight. The decree is expected to bolster cross-border collaborations and foster partnerships between financial institutions and blockchain developers, positioning Belarus as a competitive player in the global crypto banking sphere.

Experts anticipate that the implementation phase will involve close monitoring by regulators to strike the right balance between innovation and stability. The success of this initiative depends on effective enforcement, robust cyber securities, and public trust. Belarus’s bold approach signals a promising evolution in the way governments can harmonize emerging technologies with existing financial infrastructures.