Belarus: Crypto banks can use 26 digital assets and conduct 11 types of business

According to a report by the Belarusian Telegraph Agency (BelTA) on April 23, Alexander Yegorov, First Deputy Chairman of the National Bank of Belarus, announced at the “2026 Digital Bank” conference that the Belarusian crypto banking framework allows the use of 26 cryptocurrencies and 11 types of operations, as set out in Belarus’s Decree No. 19, “On Certain Regulatory Issues in the Area of Crypto Banks and Digital Tokens,” which was used to establish the provisions.

List of 26 Approved Cryptocurrencies

According to Yegorov’s public remarks at the conference, the 26 approved cryptocurrencies include Bitcoin, Ethereum, TON (Toncoin), and Solana, and multiple stablecoins are also included in the list.

Yegorov cited at the conference: “Regarding crypto currencies, it has been determined that there are approximately 26. The most popular are Bitcoin, Ethereum, TON and SOL. They are all included in the list of cryptocurrencies that can be used. Stablecoins are also included.”

According to a BelTA report, Belarusian officials had publicly said two weeks earlier that crypto banks would allow the use of “approximately 25 cryptocurrencies,” including stablecoins, Bitcoin, and Ethereum; this conference confirms that the number of supported denominations has been adjusted to 26.

11 Permitted Types of Operations

According to Yegorov’s statement, the Belarusian crypto banking framework sets out 11 main business types, including:

· Crypto deposits

· Crypto loans

· Crypto collateral

· Staking operations

· Transfers of cryptocurrencies between individuals and legal entities

· Crypto banks issuing their own tokens

· Crypto trading

· Crypto storage

Yegorov said: “These are the 11 main operations that have been identified. But the list has not yet been finalized.”

Dynamic document mechanism and the regulatory background

According to a BelTA report, Yegorov explained at the conference that, following joint discussions with the HTP, the parties reached an agreement that the above list will serve as a “dynamic document” to be continuously updated. As cooperation with investors progresses and new proposals emerge, the contents of the list will be continuously supplemented and refined.

According to a report by Sputnik, in early February 2026, Belarus announced plans to legalize cryptocurrency trading, allowing market participants to participate. The framework of Decree No. 19 provides the accompanying implementation for the above plan.

Frequently Asked Questions

What is the legal basis for the Belarusian crypto banking framework?

According to BelTA, the relevant framework was developed based on Decree No. 19, “On Certain Regulatory Issues in the Area of Crypto Banks and Digital Tokens.” The National Bank has jointly signed a resolution with the government and, together with the HTP Supervisory Board secretariat, approved the accompanying documents.

Has the list of 26 cryptocurrencies and 11 business lines been finalized?

According to a statement by Yegorov, First Deputy Chairman of the National Bank of Belarus, at the April 23 conference, both lists are “not yet finalized.” They have been positioned as dynamic documents that will be continuously updated as cooperation with investors advances and new proposals are introduced.

Which major cryptocurrencies have been included in the list of cryptocurrencies allowed for use under Belarus’s crypto banking framework?

According to Yegorov’s statement at the “2026 Digital Bank” conference, Bitcoin, Ethereum, TON (Toncoin), and Solana have all been included in the list of 26 approved cryptocurrencies, and multiple stablecoins are also included.