Want to understand Belarus's approach to crypto banking regulation? The country's practices are quite interesting. According to local laws, institutions engaged in crypto financial activities must first obtain resident enterprise status in the High Technology Park (HTP), and then be included in the Belarus National Bank's crypto bank registration list. The key point is that these institutions are subject to dual supervision — they must comply with the regulatory requirements of the financial sector and also be overseen by the park management authorities. This dual regulatory framework reflects the local attitude of balancing innovation and risk. Compared to other countries' approaches, this mechanism provides some room for the development of crypto banks while ensuring controllability through clear entry standards and regulatory channels.
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orphaned_block
· 01-19 09:47
Belarus's dual regulatory approach is indeed interesting, but it still feels a bit cumbersome.
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Double approval + dual regulation, they really want to completely clamp down on crypto finance.
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HTP + Central Bank directory, both sides need to pass... The older brothers probably discourage quite a few projects.
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Honestly, this approach is much more comfortable than some countries' outright bans.
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Wanting to innovate while controlling risks sounds great, but in practice, it’s a lot of hassle.
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If it can really be implemented, will Belarus's crypto ecosystem take off? A bit of anticipation.
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The dual regulatory framework sounds high-end, but in the end, it’s just being stifled by various detailed rules.
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AirdropHunter
· 01-19 07:28
The Belarusian dual regulatory approach is indeed quite clever; it's not the laissez-faire style of the US, nor the strict clampdown typical of Asia. It's quite interesting.
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DYORMaster
· 01-18 21:33
This double regulation tactic in Belarus... Basically, it's just trying to have it both ways—wanting to innovate under the guise while firmly restricting it.
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RooftopVIP
· 01-18 02:17
Belarus's dual regulation system is indeed quite interesting, smarter than some countries.
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HalfBuddhaMoney
· 01-16 12:57
Belarus's dual regulation is really clever... not rigid nor indulgent, quite balanced.
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VitaliksTwin
· 01-16 12:57
Belarus's dual regulation is really impressive; it's not like some countries that impose a one-size-fits-all approach, nor is it completely laissez-faire. It has a bit of a pragmatic Eastern European feel.
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DataOnlooker
· 01-16 12:54
Belarus's dual regulatory approach is truly excellent; it’s not a blanket ban nor neglectful, but a smart policy design.
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ExpectationFarmer
· 01-16 12:42
The dual regulatory framework in Belarus sounds quite reasonable, unlike some countries that implement a one-size-fits-all approach.
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MoneyBurnerSociety
· 01-16 12:40
This set of dual regulation in Belarus is somewhat interesting, but to be honest, it's still about wanting to have both the fish and the bear's paw.
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ImpermanentTherapist
· 01-16 12:37
This Belarusian dual regulatory framework, to put it simply, is like wanting to have your cake and eat it too. It's quite interesting.
Want to understand Belarus's approach to crypto banking regulation? The country's practices are quite interesting. According to local laws, institutions engaged in crypto financial activities must first obtain resident enterprise status in the High Technology Park (HTP), and then be included in the Belarus National Bank's crypto bank registration list. The key point is that these institutions are subject to dual supervision — they must comply with the regulatory requirements of the financial sector and also be overseen by the park management authorities. This dual regulatory framework reflects the local attitude of balancing innovation and risk. Compared to other countries' approaches, this mechanism provides some room for the development of crypto banks while ensuring controllability through clear entry standards and regulatory channels.