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Belarus

BY / BLRLegal — Regulated

OFAC Sanctions Active

Transactions with persons in Belarus face OFAC sanctions. SL-1 returns NON_COMPLIANT verdict and blocks action automatically. Consult sanctions counsel before any engagement.

⚠️ OFAC SANCTIONS — E.O. 14038 (2021). Post-disputed election comprehensive sanctions. Crypto legally regulated domestically but US sanctions apply.

Key Regulations

E.O. 14038 (Aug 2021) — Belarus SanctionsDecree No. 8 on Crypto (2018)

Regulatory Context

Crypto assets are legal in Belarus under applicable regulatory frameworks. Exchanges and service providers typically require registration or licensing with National Bank of the Republic of Belarus. AML/KYC obligations apply to virtual asset service providers (VASPs) under FATF guidance.

Regulatory Profile

Primary Regulator

National Bank of the Republic of Belarus

Official site

Currency

BYN

MiCA Applies

FATF Member

Yes

OFAC Sanctions

Active

G20 / OECD

—

SL-1 API Call

{
  "action": "place_order",
  "actor": {
    "declared_jurisdiction": "BY"
  }
}

Expected verdict

NON_COMPLIANT

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