Overview
- President Alexander Lukashenko signed the measure on Jan. 16, creating a legal framework for token-focused institutions.
- Entities may combine digital‑token operations with payments, deposits, loans, and transfers within a regulated model.
- Participation is limited to High‑Tech Park residents that are entered in the National Bank’s dedicated cryptobank register.
- Oversight is dual, requiring compliance with non‑bank credit and financial regulations and implementation of High‑Tech Park supervisory decisions.
- The step reinforces Belarus’s shift to onshore, state‑approved platforms after blocks on several foreign exchanges, with registry setup and implementation now pending.