Belarus’ regulatory environment for crypto assets includes the following key aspects:

• Licensing Categories: To allow entities of various sizes and resources to actively participate in the crypto economy, the HTP implements a tiered system for crypto services, which encompasses:
• Operating Trading Platforms: These platforms provide secure and regulated environments for the purchase and sale of crypto assets.
• Crypto Asset Exchange Services: These services facilitate the exchange of crypto assets for fiat currencies or other cryptocurrencies.
• Crypto Brokerage Services: Acting as intermediaries to facilitate transactions between buyers and sellers of crypto assets.
• ICO Organiser: These entities coordinate and manage Initial Coin Offerings (ICOs), enabling capital raising by issuing new crypto tokens to investors.
• Capital Requirements: Entities engaging in crypto services within the HTP must meet specific capital requirements.
• ICO Organisers and Crypto Brokers: Minimum capital of 500,000 Belarusian rubles (~USD 150,000).
• Crypto Platform and Exchange Operators: Minimum capital of 2,000,000 Belarusian rubles (~USD 600,000).
• Crypto Brokers: May obtain their licence in up to 3 months.
• Crypto Platform and Exchange Operators: Face a longer timeframe of up to 6 months due to the complexity of their services and regulatory review.

Issuance of tokens is regulated in Belarus.

Mining activities are permitted to HTP residents without requiring a specific licence, acknowledging its essential and distinct role in the crypto ecosystem.

DAOs currently fall outside Belarusian regulatory frameworks.

Our comprehensive report delves into Belarus’ regulatory framework for crypto assets, highlighting:

1. Business Analysis

The report delves deeper into Belarus’ crypto asset regulatory framework, providing a comprehensive guide for crypto businesses. It examines essential aspects, such as

• Regulatory Prerequisites: Requirements for becoming an HTP resident are crucial for businesses looking to leverage the benefits of this special economic zone.
• Licensing Procedures: Examination of the classification and procedural landscape for obtaining licences for crypto asset services and token issuance, highlighting Belarus’s straightforward and transparent regulatory environment.

2. Compliance Guidance

Emphasising the importance of thorough preparation and compliance, the report offers detailed insights into compliance requirements, such as

• AML Regulations: Insights into successful crypto projects in Belarus, showcasing the country’s commitment to aligning with international standards, including Anti-Money Laundering compliance.
• Taxation: In-depth analysis of crypto asset taxation and financial planning considerations, providing businesses with essential guidance on tax obligations and benefits.

3. Launch Roadmaps

Actionable steps and up-to-date strategies for establishing and operating your crypto project in Belarus’ regulatory environment, ensuring a smooth and compliant launch.

4. Expert Insights

Perspectives from industry experts with a deep understanding of global regulatory environments, offering guidance to navigate the complexities of Belarus’ crypto regulations.

Belarus’s structured regulatory environment within the HTP facilitates entry for crypto businesses, offering a stable foundation for growth while ensuring compliance with global standards. The clear and efficient licensing process for businesses such as brokers and crypto exchanges in Belarus makes it a compelling jurisdiction for crypto companies looking to establish operations.

At D&A Partners, we have been deeply involved in the navigation of crypto regulations worldwide and offer in-depth analysis of crypto regulations by country or region through our crypto regulation map and reports, including Belarus’ and its Hi-Tech Park (HTP).

With years of experience in setting up and operating FinTech enterprises, issuing digital tokens, and navigating crypto transactions in the region, we possess critical insights into local crypto regulations. This allows us to effectively guide you through every step of establishing your business in Belarus.

For businesses and investors navigating Belarus’ crypto asset sector, consider the following practical tips:

• HTP Residency: Securing residency within the Hi-Tech Park (HTP) is essential for engaging in crypto activities in Belarus, providing access to a suite of benefits tailored to foster the growth of crypto businesses.
• Licensing Process: Belarus offers a clear and efficient licensing process for crypto services, which significantly reduces the complexities associated with regulatory compliance, making it a compelling jurisdiction for crypto businesses.
• Success of HTP: The HTP has successfully incubated crypto projects that meet international standards, including compliance with FATF regulations, highlighting Belarus’s potential as a significant player in the global crypto market.