2026-05-14 10:39:53
Belarus cryptobanks prepare to support Bitcoin, Toncoin, Tether, and 23 other coins
가장 많이 읽은 뉴스
Belarusian cryptobanks will be allowed to process transactions with 26 leading cryptocurrencies preapproved by financial authorities in Minsk. The initial list, which has just been published, features the coins with the largest market cap, major stablecoins and some of the most popular altcoins. Belarus approves digital assets for crypto banks “Cryptobanks,” a Belarusian invention combining the functions of a traditional bank with those of a cryptocurrency exchange, will be permitted to operate with more than two dozen “digital tokens.” That’s according to a document released by the Belarus Hi-Tech Park ( HTP ), the country’s hub for software business which also offers preferential treatment to companies in the crypto space. A total of 26 digital currencies has been greenlighted with the regulation recently adopted by the Supervisory Board of the IT cluster, one of the largest in Central and Eastern Europe. These include the biggest cryptocurrencies by market capitalization, such as Bitcoin (BTC) and Ethereum (ETH), Ripple’s XRP and Binance’s BNB, local media unveiled. Fiat-pegged stablecoins like Tether’s USDT and Circle’s USDC, widely used by crypto investors and traders around the world, have been added as well. Some of the most popular meme coins, of the likes of Dogecoin (DOGE) and Shiba Inu (SHIB), are also among those chosen by the financial authorities in Minsk. Toncoin (TON), the price of which saw a significant increase since the announcement that Telegram is replacing the TON Foundation as the largest validator of its network, is on the list, too. The latter appears after earlier the Deputy Chairman of the National Bank of the Republic of Belarus (NBRB), Alexander Egorov, revealed the draft features 25 cryptocurrencies, Office Life remarked in a report on Wednesday. However, he made it clear the list was not final, emphasizing the monetary authority intends to expand or shorten it, depending on the volatility and capitalization of the assets on it. The deputy governor pointed out that new coins emerge almost daily, often quickly building market share. If the regulator finds that a token attracts significant investor attention and is backed by real assets, it may add it. It’s worth noting that some of the top 20 cryptos by market cap have been omitted. Among them, Zcash (ZEC), Monero (XMR), Canton (CC), and Stellar (XLM). Belarus to develop crypto banking services The list with the approved cryptocurrencies comes out after President Alexander Lukashenko authorized the establishment of institutions that will be able to process both fiat and crypto transactions. The Belarusian leader did that by signing Decree No. 19 “On Cryptobanks and Certain Issues of Control in the Sphere of Digital Tokens” in January. The document is meant to strengthen Belarus’s status as a regional leader in the field of information and financial technologies. It also lays the legal ground for the launch and operation of platforms focused on providing crypto banking services, as reported by Cryptopolitan. Under the new regulatory act, the NBRB and the Supervisory Board of the HTP will oversee this sector of the republic’s financial market. To be licensed as cryptobanks, applying entities must be residents of the High-Tech Park and added to a special register maintained by the central bank. The HTP, which is often called the Belarusian Silicon Valley, offers a special legal and tax regime for companies operating out of the hub. These benefits were extended to crypto firms with another presidential decree, No. 8 “On the Development of the Digital Economy,” which was signed in 2017 and entered into force in 2018. That document legalized cryptocurrencies, recognizing them as “digital tokens,” including those issued as part of initial coin offerings (ICOs). It also regulated crypto-related activities such as mining and trading, making Belarus the first among nations in the post-Soviet space to open towards decentralized virtual assets. The latest set of rules will allow cryptobanks to work with tokens created and placed by HTP-registered crypto firms as part of ICOs. The regulation will also permit them to carry out almost a dozen specific transactions with digital currencies, including depositing, transferring, borrowing, and staking as well as providing custodial services and helping clients issue their own tokens. If you're reading this, you’re already ahead. Stay there with our newsletter .