Belarus Central Bank Approves Crypto Banking Rules: 26 Assets and 11 Operation Types Permitted

Belarus Establishes Regulatory Framework for Crypto Banks

The National Bank of the Republic of Belarus has adopted a regulatory document specifying which cryptocurrencies crypto banks may handle and what operations they can perform. The announcement came from Alexander Yegorov, Deputy Chairman of the central bank's board, according to Sputnik.

The new provisions fall under the decree "On Crypto Banks and Selected Issues of Control in the Sphere of Digital Tokens."

Approved Assets and Permitted Operations

The initial list of approved digital assets includes 26 cryptocurrencies. Among them are Bitcoin, Ethereum, Solana, Toncoin, and several stablecoins.

The central bank also outlined 11 permitted operations that crypto banks may conduct:

• Accepting cryptocurrency deposits
• Issuing loans
• Collateral operations
• Staking
• Transfers between individuals and legal entities
• Issuance of proprietary tokens by crypto banks
• Cryptocurrency exchange
• Custody of digital assets

Clearly defining the operational framework is considered critical for financial companies, as it directly impacts accounting practices and broader business operations.

Why This Matters

Belarus continues to methodically build a legislative infrastructure for digital assets. Approving a specific list of cryptocurrencies and operation types represents a significant step toward establishing a full-fledged crypto banking ecosystem at the state level. This reduces legal uncertainty for market participants and could attract investors seeking jurisdictions with well-defined regulatory frameworks.

Yegorov noted that the approved asset list is "not yet finalized." During discussions with the Hi-Tech Park (HTP), the document was designed to be a "living" framework — open to adjustments as engagement with investors progresses.

Broader Context: Belarus Crypto Initiatives

The new regulation fits into a wider pattern of cryptocurrency initiatives in Belarus. In February 2025, reports emerged about plans to legalize cryptocurrency payments for self-employed individuals. Additionally, Belarus has announced intentions to launch a digital ruble (CBDC) by 2026.

Taken together, these measures indicate a consistent strategy by Belarusian authorities to integrate digital assets into the country's financial system — spanning from a central bank digital currency to fully operational crypto banks offering a diverse range of services.