Belarus Registers First Two Crypto Banks as High-Tech Park Enterprises

The first two crypto banks in Belarus have been registered as enterprises in the High-Tech Park (HTP). Anna Ryabova, head of the secretariat of the Supervisory Board of the Belarusian High-Tech Park, stated that these two crypto banks will first become HTP resident companies and will subsequently complete the necessary certification with the National Bank of Belarus. Dmitry Kalechits, the first deputy head of the secretariat of the Supervisory Board, mentioned that both institutions are well-known participants in the crypto market, but did not disclose their specific names. Belarusian President Alexander Lukashenko signed a presidential decree regarding crypto banks in January of this year, which came into effect in July. According to the decree, a crypto bank is defined as a joint-stock company authorized to combine digital token operations with banking, payment, and other related financial services, and must also have the status of an HTP resident company and be listed in the National Bank's register of crypto banks to enter the market.

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