---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "restricted"]
aliases: ["BY", "BLR", "Беларусь"]
created: 2026-09-10
updated: 2025-12-01
compile_into: ["[[country--belarus]]"]
sources:
  - name: "Hi-Tech Park Belarus"
    url: "https://www.park.by"
    type: "official"
  - name: "Decree No. 19 of 16 January 2026 'On Crypto Banks and Certain Issues of Control in the Sphere of Digital Tokens'"
    url: "https://president.gov.by/ru/documents/ukaz-no-19-ot-16-anvara-2026-g"
    type: "official"
  - name: "Decree No. 19 full text (Etalon)"
    url: "https://etalonline.by/webnpa/text.asp?RN=P32600019"
    type: "official"
  - name: "padatak.by"
    url: "https://padatak.by/news/world/28782"
    type: "reference"
---

# 🇧🇾 [[country--belarus|Belarus]] (BY): Crypto Regulation

> 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.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Risk Score | 80/100 (Very High Risk) |
| Enforcement Level | Low |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--byn|BYN]] |
| Adoption Rank | #29 |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | Exempt for income from token operations carried out through High-Tech Park residents; 13% personal income tax on income from token operations with foreign platforms (Tax Code Art. 202-1, from 1 January 2025) |
| Capital Gains (Corporate) | 20% standard profit tax; HTP residents exempt from profit tax on token operations; crypto banks taxed at 9% (Decree No. 19 of 16 January 2026) |
| VAT on Crypto | No |

Since 1 January 2025 individuals pay no personal income tax on token operations carried out through High-Tech Park residents, while income from operations on foreign platforms is taxed at 13% and must be declared annually. Crypto banks created under Decree No. 19 (2026) pay 9% profit tax.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--htp|HTP]] / NBRB |
| Framework | Decree No. 19 'On Crypto Banks and Certain Issues of Control in the Sphere of Digital Tokens' (2026) |
| Ease | medium |
| Cost | $15,000 - $100,000 |
| Timeline | 2-6 months |

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.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | compliant |

## DeFi

**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.

## Stablecoins

**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.

## NFTs

**Status:** no_rules

No NFT-specific regulation. May fall under general digital token provisions of Decree No. 8.

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.055/kWh |
| Renewable Energy | 3% |
| Climate | continental |
| 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.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 44/100 |
| Ease of Business | difficult |
| Internet Freedom | partly_free |
| Banking Access | restricted |
| Sanctions Programs Active | Yes |

### Recent Political Events

- 2024-03-15: Expansion of EU and US sanctions on Belarusian entities linked to regional conflicts: Increased regulatory scrutiny and banking restrictions for crypto businesses operating in Belarus.

## Enforcement

Enforcement has been minimal. Focus is on HTP resident compliance. International sanctions dominate the regulatory landscape.

## CBDC

| Field | Value |
|-------|-------|
| Status | research |
| Name | Digital Ruble |
| Authority | Central Bank of Belarus |
| Type | retail |

## FAQ

### Is cryptocurrency legal in Belarus?

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.

### What is the FATF status of Belarus?

Belarus is classified by FATF as: compliant.

### Are VASPs licensed in Belarus?

Yes, licensing is required for VASPs.

### What is the AML/KYC regime in Belarus?

KYC is mandatory for crypto businesses.

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-09-10.*

**Sources:**
- [Hi-Tech Park Belarus](https://www.park.by)
- [Decree No. 19 of 16 January 2026 'On Crypto Banks and Certain Issues of Control in the Sphere of Digital Tokens'](https://president.gov.by/ru/documents/ukaz-no-19-ot-16-anvara-2026-g)
- [Decree No. 19 full text (Etalon)](https://etalonline.by/webnpa/text.asp?RN=P32600019)
- [padatak.by](https://padatak.by/news/world/28782)