On January 16, Belarusian President Alexander Lukashenko signed Decree No. 19 "On cryptobanks and certain issues of control in the field of digital signs (tokens)."

The document creates conditions for the operation of cryptobanks in the country—joint-stock companies granted the right to combine activities using digital tokens with banking, payment, and other financial transactions.

To gain market access, a cryptobank must be a resident of the High-Tech Park and be included in the National Bank's register of cryptobanks.

When conducting their activities, cryptobanks are required to comply with the legal requirements established for non-bank credit and financial institutions, as well as implement the decisions of the High-Tech Park Supervisory Board.

According to the document, this regulatory model will allow crypto banks to offer clients financial products that combine the characteristics of traditional banking operations and operations with digital tokens.