Lukashenko signs decree on crypto banks

Under the new law, President Artemy Lukashenko signed a decree recognizing a joint-stock company that combines activities involving digital tokens with the performance of banking, payment, and other financial operations as a crypto bank. According to the document, crypto banks must have the status of a resident of the High-Tech Park and be included in the National Bank's registry of crypto banks.

The decree provides a synergistic approach to developing financial technologies and the digital transformation of the banking sector, opening up new opportunities for attracting investments and expanding the financial audience.

Context

This step follows the government's efforts to develop the digital economy and attract investments into the financial sector.