Minsk has announced the creation of a new data repository in the country for crypto wallets that are involved in cases related to criminal proceeds. This refers to a list of addresses through which suspicious transactions have passed.
This list has been included in a broader system designed to help quickly identify and block illegal digital assets. The preparations are being launched in advance, as Belarus is expecting another assessment by FATF.
Belarus tracks crypto wallets used by criminals
A plenary week of the EAG is taking place in Minsk. Delegations from different countries have arrived in the city: officials, law enforcement, and financial intelligence officers. In total, more than three hundred participants. Against the backdrop of these meetings, Belarus has revealed new details about its work with digital assets.
The head of the State Control Committee Vasily Gerasimov stated that the country already has a list of crypto wallets linked to criminal schemes. Such a registry helps to quickly find suspicious transactions and track money.
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Belarus is awaiting a FATF review, so regulators are tightening control. Tax rules for crypto transactions and additional transparency measures have already been introduced.
The State Control Committee is responsible for the budget, state property, and compliance with laws. It conducts inspections and transfers materials to law enforcement agencies.
EAG unites nine countries in the region. Among them are Belarus, Russia, China, Kazakhstan, and Uzbekistan. The organization operates according to FATF standards and is considered an associate member of the international structure.
Minsk updates rules for the crypto market
Belarus began crypto regulation long before its neighbors. Back in 2018, a presidential decree came into force in the country, giving the green light to “digital tokens.” Along with the document, the High-Tech Park was created — a place where mining and crypto trading are officially allowed. Participants in the HTP live by their own rules and receive benefits, especially companies from IT.
Since then, the authorities have periodically returned to the topic. This autumn, Alexander Lukashenko raised the issue of cryptocurrencies again. According to him, digital assets have become more prominent in settlements, so the old regulations are no longer suitable.
At the same time, the National Bank announced the creation of a group that will deal with illegal crypto turnover. It was tasked with monitoring suspicious transfers and stopping the withdrawal of stolen funds. The task is difficult but a priority.
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Amid growing risks, in 2024 the authorities decided to restrict access to foreign exchanges. Citizens and individual entrepreneurs were banned from buying and selling cryptocurrency on foreign platforms — this step was explained by concerns about capital outflow.
Just a year later, Minsk proposed an idea for a broader format. In November 2025, the National Bank advocated for the creation of unified rules for all countries of the Eurasian Economic Union. The EAEU includes five states, and although Russia is formally at the head of the union, it is Belarus that has advanced the furthest in crypto regulation.
