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Belarus Approves the Country's First Crypto Banks: Report
Belarus earlier this year signed a legal framework for crypto banks in the country.
The first crypto banks have opened in Belarus, according to reports, after the European country earlier this year created a legal framework for Bitcoin banks.
While not yet named, the crypto banks will start operations after obtaining accreditation from the National Bank of Belarus, Russian news agency Interfax reported Monday.
Back in January, Belarusian President Alexander Lukashenko signed Decree No. 19 "On Cryptobanks and Certain Issues of Control in the Field of Digital Tokens," officially creating a legal framework for bitcoin and crypto banks in the country.