Belarusian President Alexander Lukashenko has signed Decree No. 19 “On Cryptobanks and Certain Issues of Control in the Field of Digital Tokens,” officially creating a legal framework for bitcoin and crypto banks in the country. 

The decree makes Belarus a hub for financial technology innovation while providing a regulated path for cryptocurrency services.

Under the new law, a crypto bank is defined as a joint-stock company that is a resident of Belarus’ High-Tech Park (HTP) and included in a registry maintained by the National Bank of Belarus. 

These institutions can offer both traditional banking services — such as deposits, loans, and transfers — and activities…

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