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Belarus President Aleksandr Lukashenko urged officials to finish a long-promised rulebook for cryptocurrencies and digital tokens, saying the country needs clear oversight if it wants to attract investment while protecting the public. His remarks, reported by state agency BelTA on September 5, followed complaints about delays since directives he issued in 2023.
Lukashenko cited a State Control Committee inspection that found violations at some crypto platforms and said that in roughly half of reviewed cases money sent abroad by local investors did not come back. He called for “transparent rules of the game” and mechanisms to supervise providers, while reassuring domestic and foreign firms that they can operate calmly inside what he called the country’s digital haven.
The push fits into Belarus’s longer arc on digital assets. Decree No. 8 from 2017 put much of the industry under the Hi-Tech Park regime, recognized tokens in law, legalized mining and token issuance for Park residents, and extended a preferential legal framework that CoinDesk notes runs to January 1, 2049. Lukashenko also floated using surplus electricity for digital asset mining earlier this year, saying the state would consider it if it proved profitable.
What remains is execution. Lukashenko told regulators and the Hi-Tech Park administration to divide responsibilities and draft rules that balance growth with safeguards. That means tighter record-keeping and investor protections, without closing the door to new ventures that want to base operations in Belarus. The message is that clarity and enforcement should now match the country’s earlier policy ambitions.
If the framework lands as described, Belarus would solidify its pitch to blockchain firms that value predictable licensing and tax treatment. If the rules stall again, the gap between promise and practice could widen, especially as other jurisdictions race ahead with comprehensive laws of their own. For now, Minsk is signaling that it wants both order and openness in its crypto market.
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