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Deep Tide TechFlow News, January 16 — According to the Belarusian News Agency, Belarusian President Alexander Lukashenko signed Decree No. 19 on "Certain Issues of Regulation in the Field of Crypto Banks and Digital Tokens," officially establishing the legal status of crypto banks in the country.
According to the decree, crypto banks are defined as joint-stock companies authorized to combine digital token operations with banking, payment, and other related financial services. To enter the market, crypto banks must be enterprises within high-tech parks and be included in the national bank’s register of crypto banks. Crypto banks must comply with legal requirements applicable to non-bank credit financial institutions and also follow the decisions of the High-Tech Park Supervisory Committee.