President Alexander Lukashenko wants Belarus to be the leader of cryptocurrencies and the Blockchain technology.

On 22nd of December 2017, president has signed a decree which legalize cryptocurrencies, ICOs and make revenue and profits received from crypto-based dealings tax free until 2023.

Lukashenko said:

Belarus will become the first government in the world that opens wide opportunities for the use of blockchain technology. We have every chance of becoming a regional center in this area.

So, mining, creation, acquisition and sale of digital tokens will remain tax free until January 2023.

Belarus’s fascination with the tech industry is nothing shocking. Very popular communicator application called Viber was created there.
Also World of Tanks, which is a successful game has its origin in Belarus.


If move with decree is gonna be successful, Belarus will become the first country who will provide a clear and legal framework for cryptocurrencies. New legislation would also detail important criteria that need to be met by exchanges in order to minimize fraudulent activity.

What do you think about an authoritarian country encouraging decentralized blockchain technology?
Let me know in the comments below!


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Sandhya Bhadauria · January 1, 2018 at 4:59 AM

Hi, Jan!
it’s really nice!
crucial and precise👌

Thanks & Regards,
Sandhya Bhadauria

Markus · December 29, 2017 at 9:41 AM

wow, who would thing that such country will do such brave move

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