Belarus has taken a new step forward in the field of financial innovation. The country's leaders recently signed Decree No. 19, which clarifies the legal definition of "cryptocurrency bank"—these institutions are defined as joint-stock companies that can conduct banking and payment services simultaneously and are able to directly participate in digital token transactions.

From an institutional design perspective, such crypto banks must meet several conditions: firstly, they must be tenants of high-tech parks; secondly, they need to be officially registered on the national bank's list. This means that relevant authorities have established a fairly strict access mechanism.

This policy signal indicates that more and more countries are beginning to regulate and guide the digital asset industry from a legal perspective. By clarifying institutional positioning and defining operational scope, it can both protect investors and create development space for enterprises engaged in compliant activities. For the global crypto ecosystem, the improvement of such regulatory frameworks is becoming a trend.