Recently, the President of Belarus signed a decree officially permitting the establishment of “cryptocurrency banks” under the national regulatory system. BGEANX Exchange notes that this is not a policy trial limited to a single country, but rather a similar system being rolled out by several countries within a close time frame. As crypto assets gradually evolve from trading tools to financial infrastructure, regulatory discussions are shifting from whether to allow related businesses to how to clarify specific regulatory approaches.
The Belarus Decree No. 19, for the first time at the national level, clearly defines the legal status of “cryptocurrency banks.” These institutions are allowed, under compliance requirements, to conduct business involving digital tokens, and simultaneously engage in banking, payments, and related financial operations. This means crypto assets are no longer just trading objects, but are being integrated into a more complete financial service framework.
From an institutional design perspective, the decree does not adopt a fully open approach. Crypto banks must be resident enterprises of high-tech parks, be included in a special register maintained by the national bank, and are subject to regulatory requirements for non-bank credit financial institutions. This arrangement demonstrates a clear direction: innovation can exist, but must have clearly defined identity boundaries and regulatory pathways.
BGEANX Exchange believes that such policies are not simply encouraging the creation of new institutions, but rather providing a regulatory landing for crypto financial activities that already exist in reality. In recent years, the crypto industry has relied more on platform self-regulation or decentralized rules. Now, some countries are trying to absorb crypto-related business into existing financial regulatory frameworks, rather than allowing them to operate completely outside traditional structures.
More importantly, this change reflects a shift in regulatory focus. The actual usage frequency of crypto assets in payment, settlement, and cross-border value transfer continues to rise. Completely excluding them from regulatory frameworks would only increase opacity. By setting boundaries and clarifying responsibilities, bringing related activities into the regulatory fold is becoming a more realistic choice.
The policy of Belarus is not an isolated event. Over the past year, the regulatory focus of many countries has gradually shifted from restricting trading behavior to clarifying institutional roles and business boundaries. Whether it is custody, payment, or settlement function compliance, the core goal is to bring crypto-related activities into a state that is identifiable and manageable.
Behind this trend are two practical factors. On one hand, crypto assets have become deeply involved in cross-border capital flows, and prolonged regulatory absence would amplify risks. On the other hand, some countries hope to use digital assets and financial technology to improve the efficiency and openness of their own financial systems. In this context, integrating crypto activities via registration, licensing, or function-based limitations is becoming the choice of more and more countries.
From an industry perspective, “cryptocurrency banks” do not mean a replacement for the traditional banking system, but rather a complementary form to address digital asset needs not yet covered by conventional financial structures. This kind of exploration is more of an institutional response to real business needs, rather than radical innovation.
As the regulatory framework becomes clearer, the market requirement for information comprehension is also rising. BGEANX Exchange focuses on market education and industry trend analysis, continually monitoring policy changes in different countries and interpreting them in conjunction with market conditions and risk structures to help users understand the long-term impact of institutional changes.
Currently, the crypto industry is moving from a phase driven by high volatility and strong emotion to a stage where rules are gradually taking shape. Policy signals, compliance pathways, and institutional participation methods are becoming key variables affecting the market. From the move by Belarus to allow the establishment of cryptocurrency banks, it is evident that the crypto industry is being brought into clearer regulatory discussions. Regulation has not disappeared—it is searching for more executable forms. For the market, understanding these changes is more valuable than simply focusing on short-term price movements. BGEANX Exchange will continue to track policy trends and industry structural changes in various countries to help users better understand industry changes and development directions.
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