Belarus maintains a restricted regulatory stance on cryptocurrency, operating under Decree No. 8 (2017) and the recent Decree No. 19 (2026) which regulates crypto banks and digital tokens. The High-Tech Park (Парк высоких технологий) provides a special legal regime and infrastructure for regulated token circulation, supporting a growing IT and crypto ecosystem under controlled conditions.
| 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. 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 required for crypto banks and service providers under the 2026 decree, with a regulated framework operating within the High-Tech Park special legal regime.
Enforcement has been minimal. Focus is on HTP resident compliance. International sanctions dominate the regulatory landscape.
| Status | Research |
| Name | Digital Ruble |
| Issuing Authority | Central Bank of Belarus |
| Model | retail |
| Technology | DLT |
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | Yes |
| FATF Status | compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | Yes |
Status: Restricted
DeFi activities are restricted under Belarusian law, with regulatory oversight focused on crypto banks and token circulation within the High-Tech Park framework.
Status: Restricted
Stablecoins are regulated under the same framework as other digital tokens, with restrictions applied to ensure controlled circulation and compliance with AML rules.
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 | fair |
Mining is legal and benefits from relatively low electricity costs, but renewable energy share is low. Infrastructure is fair with ongoing development in the High-Tech Park area.
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 44/100 |
| Banking Access | restricted |
| Sanctions Program Active | Yes |
Risk Factors
Belarus faces significant geopolitical risks including international sanctions and political instability, which impact crypto business operations and banking access.
Recent Political Events
Belarus maintains a restricted regulatory stance on cryptocurrency, operating under Decree No. 8 (2017) and the recent Decree No. 19 (2026) which regulates crypto banks and digital tokens. The High-Tech Park (Парк высоких технологий) provides a special legal regime and infrastructure for regulated token circulation, supporting a growing IT and crypto ecosystem under controlled conditions.
Belarus is classified by FATF as: compliant.
Yes, licensing is required for VASPs.
KYC is mandatory for crypto businesses.
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Explore IT Services →Last reviewed: 2026-09-10 · Data source: Soken Crypto Legal Map
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