Cryptobanks are being launched in Belarus. They will be allowed to work with dozens of digital currencies at once and carry out a wide range of operations that were previously outside the classical banking system. Alexander Yegorov, First Deputy Chairman of the Board of the National Bank of the republic, spoke about how this model will be structured at the "Digital Banking — 2026" conference.
Which cryptocurrencies will be allowed in Belarus
As part of the new regulation, a list of about 26 currencies that cryptobanks will be able to work with has already been defined.
These include the most popular assets: Bitcoin, Ethereum, TON (Toncoin), SOL (Solana). The list also includes stablecoins.
Cryptocurrency operations that will be available
A separate list of operations has also been defined — there are 11 of them.
It includes: crypto deposits, crypto loans, the use of cryptocurrency as collateral, staking operations, crypto transfers between individuals and legal entities, the issuance of proprietary tokens by cryptobanks, and the exchange and storage of cryptocurrency.
It is not ruled out that this list may be changed.
How the system will work
In Belarus, Decree No. 19 "On Cryptobanks and Certain Issues of Control in the Sphere of Digital Signs (Tokens)" has been signed.
The National Bank has prepared the necessary legislative acts. A joint resolution with the government has also been developed, along with documents adopted together with the secretariat of the Supervisory Board of the High-Tech Park.
The key element will be the procedure for conducting operations. It is this procedure that will determine how accounting will be kept and how the performance and stability indicators of cryptobanks will be calculated.
According to Alexander Yegorov, the document is not final. It will be "live" — it is planned to be supplemented as work with investors progresses and new ideas emerge.
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