Tokenization & crypto licensing in Belarus

• High Technologies Park (Парк высоких технологий, ПВТ) Supervisory Board and Administration — Admits and regulates crypto platform operators, crypto exchange operators and other token businesses as HTP residents under Decree No. 8
• National Bank of the Republic of Belarus — Keeps the register of cryptobanks and co-supervises them with the HTP under Decree No. 19 (2026)
• Ministry of Taxes and Duties (МНС) — Tax authority

Since 1 Jan 2025 token income is governed by the Tax Code (the Decree No. 8 exemptions ended). Income from operations through HTP residents, mining, token-for-token exchanges, inheritance and gifts from close relatives is not taxed and not declared. Income from permitted operations with foreign platforms, foreign entities or other individuals is taxed at 13% on the cash actually received, with no deduction for purchase cost. Income from illegal or prohibited token operations is taxed at 26%. The MNS sources give no end date for the HTP exemption.

Gains: 0% via HTP residents / 13% permitted foreign or private deals / 26% prohibited operations

Tax authority: pravo.by ↗

• Buying or selling crypto for money outside HTP-resident operators (e.g. on foreign exchanges or peer-to-peer) is treated as prohibited.
• Since 19 Jun 2026, Art. 12.36 of the Administrative Code fines such violations at 20 to 100 base units, with possible confiscation (reported by neg.by).
• Arranging crypto deals for other people is illegal; the tax ministry warns of fraud schemes selling crypto at inflated prices.
• Check that an operator is in the HTP residents catalogue (filter by crypto exchange or crypto platform activity).