Key Administrative Procedures for Cryptobanks Have Been Established in Belarus

Key Administrative Procedures for Cryptobanks Established in Belarus

Belarus continues to develop its legal framework governing the establishment and operation of Cryptobanks. In particular, Resolution No. 279 of the Council of Ministers dated June 2, 2026, introduces new administrative procedures.

1️.  Main administrative procedures approved:

• Inclusion in the Register of Cryptobanks; 
• Amendments to the Register of Cryptobanks; 
• Removal from the Register of Cryptobanks. 

2️. The following timeframes have been established:

• Inclusion in the Register of Cryptobanks – 30 business days (may be extended up to 2 months); 
• Amendments to the Register of Crypto bBanks – 5 business days (may be extended up to 15 business days); 
• Amendments to the list of operations performed by a Cryptobank – 30 business days (may be extended up to 2 months); 
• Removal from the Register of Cryptob Banks – 5 business days. 

The formalization of these key administrative procedures represents an important step in the development of Belarusian legislation governing Cryptobanks.

It is important to note that the Resolution does not specify the list of documents required for these procedures. Instead, it only defines the procedures themselves and the applicable processing timelines.