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The National Bank of Belarus will allow 25 cryptocurrencies to enter the market., 2026/04/11 11:06:54
In Belarus, there are plans to allow approximately 25 cryptocurrencies into the market, including Bitcoin and Ethereum. This was announced by Alexander Egorov, the first deputy chairman of the National Bank.
According to him, companies will need to obtain the status of a resident of the High-Tech Park and be included in a special register maintained by the National Bank to operate with virtual assets. The regulatory framework for this is still being developed.
“Both stablecoins and traditional Bitcoin and Ethereum are expected to be available for circulation. Around 25 types of cryptocurrencies will be permitted. The specifics will also depend on market developments, as new assets are continuously emerging and rapidly gaining capitalization,” Egorov stated.
In mid-April, the supervisory board of the National Bank will review a document that regulates the operation with crypto assets. The list of approved cryptocurrencies may be adjusted based on market conditions. However, the issuance of stablecoins pegged to the Belarusian ruble is not planned, as the regulator is focusing on the digital Belarusian ruble.
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Roman Golovchenko, the chairman of the National Bank, indicated that the agency must establish the procedure for reviewing applications for inclusion in the register of crypto banks by July 2.
Egorov mentioned that there have been no applications from market participants yet, as the relevant legislation has not yet come into effect.
“First, it is necessary to establish the legislation, which will take effect in mid-summer. However, there is already interest from the market: representatives from about seven companies, including crypto exchanges and those interested in entering this market as crypto banks, are currently participating in the meetings of the working group established at the National Bank,” he noted.
The regulator is also developing accounting rules for crypto banks. These will be based on traditional banking models while considering the unique characteristics of crypto assets, including their high volatility, Egorov added.
Earlier, the first deputy chairman of the National Bank of Belarus reported that self-employed individuals and freelancers would be able to receive payments in cryptocurrency through registered crypto banks.
