Belarus Legalizes Crypto Banks, Paving Way for New Financial Institutions
- Belarus’ President Alexander Lukashenko signed a decree legalizing the existence of crypto banks.
- Alexander Yegorov, First Deputy Chairman of the Board of the National Bank, announced that the first crypto bank could be established in six months.
- The decree marks Belarus’ move towards integrating crypto banking within its financial system.
Belarus is taking significant steps to incorporate cryptocurrency into its national banking infrastructure by legalizing crypto banks through a presidential decree. This initiative indicates the country’s openness to evolving financial technologies and systems.
With President Lukashenko’s decree, Belarus is set to see its first crypto bank potentially within six months, signaling a shift towards a hybrid financial ecosystem. Source
