RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of July 10, 2026 No. 167

About features of observance by cryptobank of prudential requirements

Based on paragraphs two and the fourth Item 2, of Item 6 and part one of Item 24 of the Regulations on activities of cryptobanks approved by the Presidential decree of the Republic of Belarus of January 16, 2026 No. 19, and part one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. Determine that:

1.1. the amount of the banking activities made by cryptobank is limited to the following banking activities:

opening and maintaining bank accounts of physical persons – nonresidents, including individual entrepreneurs, legal entities, including banks respondents;

currency exchange transactions;

settlement transactions;

attraction of money of physical persons – nonresidents, including individual entrepreneurs, legal entities into accounts;

implementation of settlement and (or) bank cash servicing of physical and (or) legal entities, including banks respondents;

the list of the banking activities containing in the decision on inclusion of cryptobank in the register of cryptobanks of National Bank;

1.2. the cryptobank from the date of adoption by National Bank of the decision on its inclusion in the register of cryptobanks of National Bank observes the prudential requirements established by National Bank concerning the non-bank credit and financial organizations taking into account the following features:

1.2.1. in case of observance of requirements of the Instruction about procedure for forming and use of special reserves on covering of possible losses on the assets and transactions which are not reflected in balance, the Republic of Belarus approved by the resolution of Board of National Bank of September 28, 2006 No. 138, cryptobank:

determines the partner by contingent obligations * on guarantees issued in digital signs (tokens) (further – tokens) according to the procedure, applied to determination of the partner on contingent obligations on implementation of payment in case of non-execution by the principal, prikazodatel or other bound party of the obligations;

classifies the debt which resulted from issue of loans to them in tokens and creates special reserve on covering of possible losses on it according to the procedure, applied to classification and forming of special reserve on covering of possible losses on the debt which resulted from loan granting without sufficiency assessment at the debtor of receipts in the foreign currency for timely and complete debt repayment which resulted from issue of loan in tokens;

does not create special portfolios of the homogeneous credits of loans in tokens;

classifies contingent obligations by guarantees issued in tokens, the debt which resulted from transfer of tokens under the terms of guarantee issued in tokens and creates special reserves on covering of possible losses on them according to the procedure, applied to classification and forming of special reserves on covering of possible losses on contingent obligations on implementation of payment in case of non-execution by the principal, prikazodatel or other bound party of the obligations, the debt which resulted from execution of the issued obligations for the third parties, respectively;

classifies the corporate tokens and tokenizirovanny assets certifying availability of the rights of cryptobank to receive the money, precious metals in the form of bank and (or) measuring ingots revaluated in process of change of book prices according to the accepted accounting policy of cryptobank precious metals in the form of coins (further – the revaluated coins) and (or) debt instruments of this legal entity and creates special reserves on covering of possible losses on them according to the procedure, applied to classification and forming of special reserve by debt on the acquired securities considered on depreciated cost if fair value of the specified tokens is determined based on the International accounting standard (IFRS) 13 "Assessment of fair value", the Council of Ministers of the Republic of Belarus and National Bank of the Republic of Belarus enacted by the resolution of August 19, 2016 No. 657/20, on not observed basic data;

classifies the tokens placed on correspondent accounts in other cryptobanks, debt in tokens by means in calculations for transactions with cryptobanks and creates special reserves on covering of possible losses on them according to the procedure, applied to classification and forming of special reserve by debt on the means placed in other banks;

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