EAEU Moves Toward Unified Crypto Regulation as Belarus Proposes Harmonized Framework
The National Bank of Belarus has formally proposed a unified approach to cryptocurrency regulation across Eurasian Economic Union (EAEU) member states. First Deputy Chairman Alexander Egorov emphasized the need to reconcile divergent policies, citing Belarus' permissive High-Tech Park regime versus Russia's restrictive stance.
This initiative aims to prevent regulatory arbitrage, where capital flows to jurisdictions with favorable crypto policies. The proposal comes as EAEU nations—Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia—demonstrate growing institutional interest in digital assets despite varying regulatory frameworks.
Cross-border transaction efficiency emerges as a key motivation. "Harmonization will address current disparities that incentivize capital flight to more lenient jurisdictions," Egorov noted during discussions about expanding Belarus' crypto banking capabilities.
