Belarus plans to launch a state-backed crypto bank by 2026. Alexander Yegorov, deputy governor of the National Bank of Belarus (NBRB), said the platform would offer crypto-based loans, staking, and card payments.
The plan includes a structure where cryptocurrency is used as collateral to borrow fiat currency. Yegorov explained that staking would allow crypto holders to earn income by supporting the blockchain network.
Crypto-linked bank cards would enable real-time currency conversion at the point of sale, allowing immediate payment. Regulatory relaxations would enable self-employed individuals to receive rewards in cryptocurrency.
Funds would be managed through the Belarus crypto bank to ensure legitimate activity. Belarus has been a leader in crypto regulation since 2018, having established mining and trading rules, and is now building a new financial system to respond to rising domestic crypto trading.
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