Cryptocurrency activities will be legal and tax free in Belarus

[cryptohunter]

CFB will be pleased.

Korea and china will just be losing out long term anyway.

If you have US EU Japan and most of the other real 1st world countries onboard then i don't see that korea and china matter all that much.

[bit-freedom]

It is nice to hear this piece of good news after all the fuds. Nice move by the government. I hope the electricity is cheap to attract the miners to set up farms there.

[johnleo]

is there a chance for foreigners to open bank account there? if yes maybe soon their gov will get more capital instead of borrowing from other countries.  

[eternalgloom]

More countries should follow suit with regulations like this, it can't get more permissive than this.
That said, I don't think Belarus is such a nice country to live, it's quite restrictive and basically a dictatorship.

Belarus?
Belarus?

https://en.wikipedia.org/wiki/Human_rights_in_Belarus

Belarus is probably the most fucked up place in Europe. Who can believe the people there could be free to use cryptos, when there is no freedom of the press, nor freedom of speech?

Yeah I was also wondering that, but the news seems to be true though.

[Caesar-Giulius]

Very nice, I will consider to move there as well if I am a crypto multi millionaire.

[bug.lady]

Very nice, I will consider to move there as well if I am a crypto multi millionaire.

You wouldn't want to move there mate. Do you know anything about Belarus other that they plan not to tax bitcoins? Well, I can tell you, they don't follow human rights, they have unbelivable bribe rates and their president is a dictator. They have a history of arresting oponents and holding them indefinitely.

[junoreactor]

Very nice, I will consider to move there as well if I am a crypto multi millionaire.

You wouldn't want to move there mate. Do you know anything about Belarus other that they plan not to tax bitcoins? Well, I can tell you, they don't follow human rights, they have unbelivable bribe rates and their president is a dictator. They have a history of arresting oponents and holding them indefinitely.

And it's not like Belarus is the only place in Europe, I mean just look at Malta, much better climate, ninety percent of residents are foreigners (many British) which makes it easy to communicate in English, open a company in Malta and they will tax 10% on your profits, not bad all things considered.
For people with no family obligation, there will always be places to move to if you get "rich" with your activity into crypto-currencies.

[deviltasha]

is there a chance for foreigners to open bank account there? if yes maybe soon their gov will get more capital instead of borrowing from other countries.  

Yes of course, country will benefit from this, hope other countries will follow the example.

[junoreactor]

is there a chance for foreigners to open bank account there? if yes maybe soon their gov will get more capital instead of borrowing from other countries.  

Yes of course, country will benefit from this, hope other countries will follow the example.

That's definitely the point of such a decision in my opinion, but primarily I believe Belarus government is looking to attract the Russian community (probably the biggest community of crypto traders in Europe).