adminIn recent developments, president Alexander Lukashenko signed Decree No. 19 to set operating rules and market entry conditions. Cryptobanks must become Hi-Tech Park residents and be registered in a central bank-run cryptobank register. The model introduces dual oversight through financial rules and Hi-Tech Park supervisory board decisions. Belarus is moving digital assets closer to the core of its financial system after introducing a legal framework for “cryptobanks”. Instead of treating crypto as a separate industry, the country is building a model where token-related services sit inside existing banking structures and are supervised by the state. On Friday, Belarusian President Alexander Lukashenko signed Decree No. 19, which defines how cryptobanks can operate and what conditions they must meet to enter the market. The move gives Belarus a regulated route for crypto-linked banking, while tightening the boundaries around who is allowed to provide these services. What Decree No. 19 allows cryptobanks to do Under the decree, cryptobanks are defined as joint-stock companies that can combine token-based activity with traditional banking functions. This includes banking services, payments, and related financial services, but now within a formal legal structure. Rather than creating a parallel “crypto sector”, Belarus is linking digital asset operations to the same financial oversight mechanisms and infrastructure that already govern mainstream institutions. That approach signals an effort to keep crypto activity within a controlled and traceable system. Cryptobanks will not be open to every player. The framework limits participation to firms that agree to operate strictly within the country’s regulatory requirements. Hi-Tech Park rules are now tied to crypto banking A key part of the new framework is the Hi-Tech Park, a state-backed technology zone that already plays a major role in Belarus’s digital economy strategy. Under the decree, a cryptobank must obtain resident status in the Hi-Tech Park before entering the market. On top of this, cryptobanks must be added to a dedicated register that will be maintained by the country’s central bank. This structure effectively places market access behind formal approvals, ensuring the state can monitor who is active and under what rules they are operating. Cryptobanks face dual oversight and compliance duties Belarus is applying a layered supervision model to cryptobanks, with requirements that stretch beyond standard financial compliance. According to the decree, cryptobanks must follow rules applied to non-bank credit and financial institutions. They also have to implement decisions issued by the Hi-Tech Park’s supervisory board. This sets up dual oversight that combines financial regulation with technological supervision. Officials say the approach is designed to support innovative products that mix conventional banking services with token-based transaction efficiencies. In practical terms, it allows crypto-linked services to be delivered through licensed entities that are already embedded in the formal banking environment. The new cryptobank rules fit into a longer policy direction where crypto is allowed only within clearly defined and state-approved boundaries. The post Belarus establishes rules for ‘crypto banks’: check out the details appeared first on CoinJournal.
Looking closer, market participants highlight key drivers such as liquidity flows, macro risk appetite, regulatory headlines, and on-chain activity. Short-term swings often reflect liquidation cascades and funding imbalances, while spot volumes and exchange inflows set the broader tone.
Analysis: The medium-term picture hinges on whether buyers can sustain momentum without excessive leverage. If flows continue favoring majors like BTC and ETH, altcoins could experience a staggered rotation instead of a broad-based rally. Meanwhile, policy clarity in key jurisdictions remains a decisive catalyst; clearer rules typically compress risk premia and attract institutional allocations. Beyond price action, on-chain metrics such as active addresses, fees, and stablecoin velocity help validate trend strength.
Outlook: Over the next few weeks, observers will watch price acceptance above recent resistance, derivatives positioning, and ETF-related flows. A constructive setup would feature rising spot demand, contained leverage, and improving breadth across sectors such as DeFi, infrastructure, and Layer-2 ecosystems.
Original source: link
