---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "europe", "eag", "restricted"]
aliases: ["BY", "BLR", "Беларусь"]
created: 2026-04-13
updated: 2025-12-01
compile_into: ["[[country--belarus]]"]
sources:
  - name: "Hi-Tech Park Belarus"
    url: "https://www.park.by"
    type: "official"
---

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

> 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.

## Overview

| Field | Value |
|-------|-------|
| Status | Restricted |
| Risk Score | 65/100 (High Risk) |
| Enforcement Level | Low |
| Region | [[domain--europe|europe]] |
| Currency | [[entity--byn|BYN]] |
| Adoption Rank | #29 |

## Tax

| Type | Rate |
|------|------|
| VAT on Crypto | No |

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--htp|HTP]] / NBRB |
| Framework | Decree No. 8 'On the Development of the Digital Economy' (2017) |
| Ease | medium |
| Cost | $15,000 - $100,000 |
| Timeline | 2-6 months |

Licensing is managed under the High Technologies Park special legal regime, providing a regulated framework for token circulation and crypto business operations.

## AML / KYC

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

## DeFi

**Status:** regulated

DeFi activities are regulated under the digital economy framework, with oversight provided by the High Technologies Park legal regime.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the same digital economy framework, ensuring compliance with AML and licensing requirements.

## 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 | good |

Mining is legal and benefits from relatively low electricity costs and good infrastructure within the High Technologies Park and broader Belarusian IT ecosystem.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | unstable |
| Sanctions | Yes |
| Corruption Index | 44/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | very_restricted |

## Enforcement

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

## CBDC Status: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [Hi-Tech Park Belarus](https://www.park.by)