The National Bank of the Republic of Belarus has adopted a document outlining the list of cryptocurrencies permitted for use by crypto banks and the procedures for transactions involving them. This was announced by the Deputy Chairman of the Board of the regulator, Alexander Egorov, as reported by Sputnik.
The provisions are introduced under the decree “On Crypto Banks and Certain Issues of Control in the Field of Digital Tokens”.
The initial list includes 26 digital assets, such as Bitcoin, Ethereum, Solana, Toncoin, and several stablecoins.
The National Bank has also defined 11 permissible operations with cryptocurrencies: deposits, loans, pledges, staking, transfers between individuals or legal entities, issuance of own tokens by crypto banks, exchange, storage, and more.
Clarifying the procedures for operations is considered one of the most crucial aspects for financial companies, as it affects accounting and other business practices.
Egorov noted that the presented list is “not yet closed.” According to him, during discussions with the HTP, it was intended to make it “dynamic” with the possibility of refinement as work with investors progresses.
Earlier in February, Belarus announced plans to legalize cryptocurrency transactions for self-employed individuals.