Belarus enacted a crypto-friendly HTP (High Technologies Park) framework in 2018, formally permitting token operations. However, Belarus is subject to comprehensive EU, US (OFAC), and UK sanctions since 2020, severely restricting international banking access and cross-border crypto operations. Practical access for international users is restricted. Risk score: 65.
| Status | Restricted |
| Risk Score | 80/100 (Very High Risk) |
| Region | europe |
| Currency | BYN |
| Adoption Rank | #29 |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | HTP / NBRB |
| Framework | Decree No. 8 'On the Development of the Digital Economy' (2017) + Decree No. 19 'On Crypto Banks and Certain Issues of Control in the Sphere of Digital Tokens' (2026) |
| Ease | medium |
| Cost (USD) | $15,000 - $100,000 |
Licensing is managed under the High Technologies Park special legal regime, providing a regulated framework for token circulation and crypto business operations.
Enforcement has been minimal. Focus is on HTP resident compliance. International sanctions dominate the regulatory landscape.
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |
| FATF Body | EAG |
| Suspicious-Activity Reporting | Yes |
Status: regulated
DeFi activities are regulated under the digital economy framework, with oversight provided by the High Technologies Park legal regime.
Status: regulated
Stablecoins are regulated under the same digital economy framework, ensuring compliance with AML and licensing requirements.
Status: no_rules
No NFT-specific regulation. May fall under general digital token provisions of Decree No. 8.
| Legal | Yes |
| Electricity Cost | $0.055/kWh |
| Renewable Energy | 3% |
| Infrastructure | good |
Mining is legal and benefits from relatively low electricity costs and good infrastructure within the High Technologies Park and broader Belarusian IT ecosystem.
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 44/100 |
| Banking Access | very_restricted |
Risk Factors
Belarus enacted a crypto-friendly HTP (High Technologies Park) framework in 2018, formally permitting token operations. However, Belarus is subject to comprehensive EU, US (OFAC), and UK sanctions since 2020, severely restricting international banking access and cross-border crypto operations. Practical access for international users is restricted. Risk score: 65.
Belarus is classified by FATF as: fsrb_only.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-06-01 · Data source: Soken Crypto Legal Map
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