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Crypto Regulation in Belarus

Crypto Friendly

Belarus legalized crypto through Decree No. 8 'On Digital Economy Development' (2017), creating the Hi-Tech Park (HTP) regime. Crypto activities by individuals and HTP residents are tax-exempt until 2025 (extended). International sanctions limit practical operations.

Region: EuropeCurrency: BYNAdoption Rank: #29Risk Score: 60/100

Tax Information

Capital Gains (Personal)
0% on individual crypto gains (exempt until at least 2025 under Decree No. 8)
Capital Gains (Corporate)
0% for HTP residents on crypto activities; standard 18% rate for others
VAT on Crypto
No
Staking Tax
Exempt for individuals and HTP residents
Airdrop Tax
Exempt for individuals and HTP residents
Mining Tax
Exempt for individuals and HTP residents
Summary
Belarus offers full tax exemption on crypto activities for individuals and HTP resident companies under Decree No. 8 (2017). This exemption covers capital gains, mining, and other crypto income. However, international sanctions significantly limit the practical utility of Belarus as a crypto jurisdiction.

Licensing & Registration

License Required
Yes
Regulator
HTP / NBRB (Hi-Tech Park / National Bank of the Republic of Belarus)
Framework
Decree No. 8 'On the Development of the Digital Economy' (2017)
License Types
HTP Resident Registration for crypto activities, Crypto Exchange Operator License, Crypto Platform Operator License
Estimated Cost (USD)
$15,000 - $100,000
Timeline
2-6 months
Ease of Licensing
Medium
Notes
Decree No. 8 created a comprehensive legal framework for crypto under the HTP regime. Crypto exchanges and platforms must register as HTP residents. The framework was progressive when enacted but international sanctions have severely limited Belarus's attractiveness as a crypto jurisdiction.

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
No
FATF Status
Partially Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
Yes
Status
Legal
Electricity Cost ($/kWh)
$0.07
Renewable Energy
30%
Climate
Temperate
Infrastructure
Good
Tax on Mining Income
0% until 2025 in Hi-Tech Park
Special Zones
Hi-Tech Park
Notes
Competitive electricity prices. Mining operations are economically viable.

DeFi, Stablecoins & NFTs

DeFi: legalStablecoins: no rulesNFTs: no_rulesCBDC: exploring

Soken Services

Legal Opinion
Available | $2,000 - $8,000 | 7 days
Banking
Difficulty: Easy | Crypto-friendly banks: HTP Bank
Min. Deposit
$1,000
Fiat Rails
SEPA, SWIFT, SEPA Instant
Card Payments
Visa, Mastercard
Company Registration
$5,000 | 14 days | Limited Liability Company (LLC)
Licensing Support
Available | $15,000 - $50,000

Sources

Hi-Tech Park Belarus
Reviewed: 2026-03-01likely

Frequently Asked Questions

Is crypto legal in Belarus?
Cryptocurrency is currently classified as "Crypto Friendly" in Belarus. Belarus legalized crypto through Decree No. 8 'On Digital Economy Development' (2017), creating the Hi-Tech Park (HTP) regime. Crypto activities by individuals and HTP residents are tax-exempt until 2025 (extended). International sanctions limit practical operations.
What is the crypto tax rate in Belarus?
In Belarus, the personal capital gains tax on crypto is 0% on individual crypto gains (exempt until at least 2025 under Decree No. 8), and the corporate tax rate is 0% for HTP residents on crypto activities; standard 18% rate for others. Belarus offers full tax exemption on crypto activities for individuals and HTP resident companies under Decree No. 8 (2017). This exemption covers capital gains, mining, and other crypto income. However, international sanctions significantly limit the practical utility of Belarus as a crypto jurisdiction.
Do I need a crypto license in Belarus?
Yes, a crypto license is required in Belarus. The regulator is Hi-Tech Park / National Bank of the Republic of Belarus under Decree No. 8 'On the Development of the Digital Economy' (2017). Estimated licensing cost: $15,000 - $100,000.
Is crypto mining legal in Belarus?
Yes, crypto mining is legal in Belarus. Electricity costs approximately $0.07/kWh. Mining income is taxed at: 0% until 2025 in Hi-Tech Park. Competitive electricity prices. Mining operations are economically viable.
What are the AML/KYC requirements for crypto in Belarus?
Yes, crypto businesses in Belarus must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.