Overview
- Belarus’s president gave officials one month to deliver transparent crypto regulations following an unscheduled State Control Committee inspection.
- He approved the concept for an experimental crypto bank and ordered a detailed plan within 30 days, with the model described as a tightly supervised non-bank focused on crypto-only transactions and foreign investors, excluding local-currency deposits from citizens.
- The audit found significant registration and operational violations at platforms and reported that about half of funds sent by Belarusians to foreign crypto services do not return.
- Lukashenko signaled the Hi‑Tech Park’s Ordinance No. 8 framework is no longer sufficient, indicating traditional state agencies will assume a larger oversight role.
- Authorities continue parallel projects including a state digital ruble, with pilot work underway since 2023 and a planned launch targeted for late 2026.