According to data shared today by market analyst Wu Blockchain, Belarusian President Alexander Lukashenko has signed an Executive Order (EO), paving the way for the establishment of a cryptocurrency bank framework to allow eligible tech companies to offer token services alongside traditional banking offerings to consumers in the country.
Back in last year, September 5, 2025, President Lukashenko received a proposal to create a crypto bank system for the country. Aleksandr Yegorove, the Deputy Chairman of the Board of Belarus’ Central Bank, commonly known as the National Bank of the Republic of Belarus, was the one who presented the proposal to the presidency. Although the president generally approved the proposal, he demanded that some gaps be removed and shortcomings revised through engagements between the National Bank officials and various government stakeholders.
Between that time and the latter months of the year, the National Bank and the government participated in the preparation of a relevant draft decree for submission to the head of state for signing.
What This Decree Enactment Means
According to revelations disclosed by Wu Blockchain, Belarus has formally established a crypto bank system following President Lukashenko’s move to sign the decree today, January 16, 2026. The new law, which is now in place, allows qualified tech firms to offer cryptocurrency-related financial services alongside traditional payment and banking products. The integration of crypto trading services into the country’s financial system is a crucial move that aims to expand the variety of financial offerings accessible to Belarusian customers and businesses.
The signing of the decree is important in several areas. First, it addressed the regulations of crypto banks and digital tokens in Belarus. Secondly, it aims to improve the country’s image as a leader in fintech and allow the operation of virtual currency banks within the jurisdiction.
The decree recognizes ‘crypto banks’ as joint-stock firms legally allowed to utilize digital tokens in their business and trading activities, while also participating in payment, banking, and other connected financial activities. For such banks to start operating in the Belarusian market, they must be high-tech enterprises duly registered in the country and listed in the National Bank’s database of cryptocurrency banks. They are also expected to adhere to laws governing non-bank credit financial institutions and comply with standards stipulated by the High-Tech Park Supervisory Board.
Belarus Market Shift and Regulatory Momentum
The enactment of the regulation is not a theoretical tailwind; it is a tangible catalyst for crypto momentum. In precise, the passage of Belarus’ cryptocurrency legislation is set to bolster on-chain liquidity, accelerate capital formation, and position Belarus as a crypto hub of the world.
