CoinVoice has learned that according to the Belarusian National News Agency, Belarusian President Alexander Lukashenko signed Decree No. 19 "On the Regulation of Cryptocurrency Banks and Digital Token Fields." The decree aims to strengthen the country's image as a leading nation in financial information technology and to create conditions for the operation of "cryptocurrency banks" within the country. According to the decree, a "cryptocurrency bank" is defined as a joint-stock company authorized to conduct business using digital tokens, while also engaging in banking, payment, and other related financial operations. To enter the market, crypto banks must have the status of a resident enterprise in a high-tech park and be listed on the national bank's register of crypto banks. When conducting business, they must comply with regulations applicable to non-bank credit financial institutions and implement resolutions from the high-tech park supervisory board.
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CoinVoice has learned that according to the Belarusian National News Agency, Belarusian President Alexander Lukashenko signed Decree No. 19 "On the Regulation of Cryptocurrency Banks and Digital Token Fields." The decree aims to strengthen the country's image as a leading nation in financial information technology and to create conditions for the operation of "cryptocurrency banks" within the country. According to the decree, a "cryptocurrency bank" is defined as a joint-stock company authorized to conduct business using digital tokens, while also engaging in banking, payment, and other related financial operations. To enter the market, crypto banks must have the status of a resident enterprise in a high-tech park and be listed on the national bank's register of crypto banks. When conducting business, they must comply with regulations applicable to non-bank credit financial institutions and implement resolutions from the high-tech park supervisory board.