Belarus Legalized Cryptocurrency to Become a Global Crypto Hub

[Litwin]

Belarus strikes again ,)) any plans to move to Belarus in order to create very own bitcoin mine there? Look like the hans already there

Given this and the favorable environment in the country, Belarus has become a lucrative location. The entrepreneurs and the investors planning to make the most of the cryptocurrency get excellent opportunities to create bitcoin mines in our country. It is also expected that some miners are likely to transfer their existing mines to Belarus.

The law gives the go-ahead to the cryptocurrency exchange. It moves Belarus towards the implementation of the Digital Economy and adoption of top-level technologies."Belarus Legalized Cryptocurrency to Become a Global Crypto Hub | Intetics

 

[Litwin]

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’Tech Nation’
Lukashenka said this month that his goal in signing the decree is to make Belarus a “tech nation.” The country’s major technology companies lobbied for the legal changes, which also gained support among government officials and in the central bank.

The novelty of the proposed law is that Belarus would provide legal clarity for dealing in digital currencies which is yet unseen in other countries, said Denis Aleinikov, whose law firm Aleinikov and Partners helped to draft the decree. It also establishes a direct legal link between issuers of tokens and their obligations toward the holders.

To protect against fraudsters, the regulation would set capital requirements for operators of cryptocurrency exchanges. It would also introduce “smart contracts” in Belarus -- self-executable computer-coded applications that serve as an alternative to traditional paper agreements.

“The decree has been written exactly the way our tech community wanted it,” Vsevolod Yanchevsky, head of Hi-Tech Park, said in an interview in Minsk. “Belarus will be one of the best jurisdictions in the world for cryptocurrencies and blockchain.”"

bloomberg