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.
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.
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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.
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