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Lukashenko Orders One‑Month Overhaul of Belarus Crypto Rules, Approves Plan for Experimental Crypto Bank

The move follows an audit that found widespread violations with large investor outflows.

Overview

  • At a Sept. 5 government meeting, officials were given one month to deliver clear, transparent rules for the crypto sector.
  • State inspectors reported that about half of funds Belarusian investors send to foreign crypto platforms do not return, with registration breaches uncovered at domestic platforms.
  • Brave New Coin reported additional findings including losses for 1,600 investors and the collapse of three of six token‑issuing firms.
  • Lukashenko signaled a shift away from sole Hi‑Tech Park oversight under Ordinance No. 8 toward a larger role for traditional state agencies.
  • The president backed a National Bank proposal for an experimental crypto bank and ordered a detailed plan within 30 days, as the country continues work on a 2026 digital ruble launch and explores expanding mining.