EU Blocks Belarusians From Managing MiCA-Regulated Crypto Firms

The Council of the European Union formalized this restriction through Decision (CFSP) 2026/1847, broadening the scope of previous measures that were once limited to simple wallet and custody services. Under the new rules, Belarusian involvement is barred across all MiCA-recognized activities, including operating trading platforms, executing client orders, offering investment advice, and managing crypto portfolios.

This policy shift aligns with the EU’s ongoing efforts to close potential sanctions loopholes related to Russia’s war in Ukraine. Authorities are increasingly scrutinizing crypto infrastructure to prevent the use of alternative financial channels for evasion. The move follows the recent conclusion of the MiCA transition period on July 1, which required all firms to secure authorization or cease operations. Meanwhile, Belarus continues to lean into digital assets as a workaround for international financial isolation. President Alexander Lukashenko has actively pushed for the integration of cryptocurrencies into the domestic banking sector, viewing them as a vital tool for cross-border payments despite internal concerns over investor protection and capital flight.