Overview

• At a Sept. 5 government meeting, President Aleksandr Lukashenko gave officials one month to deliver transparent, comprehensive cryptocurrency regulations.
• An unscheduled inspection by the State Control Committee found major violations at crypto platforms and indicated that about half of funds sent by Belarusians to foreign platforms do not return.
• Lukashenko signaled that oversight will expand beyond the Hi‑Tech Park’s regime under Ordinance No. 8, calling its current mandate insufficient for today’s market.
• The president approved the concept of an experimental crypto bank and ordered a detailed plan within 30 days, with the model described as a tightly supervised non‑bank entity that would avoid taking local‑currency deposits from citizens.
• Officials continue developing a digital ruble for a phased rollout targeted for late 2026, complementing state‑led initiatives that also include exploring crypto mining using surplus electricity.