Crypto Business Is Now Legal in Belarus

[GreenishCoin]

Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.

[richardsNY]

It's a great step forward for crypto in its entirety, because what happens in one country will eventually happen in other countries as well. Japan has been a benchmark in the Asian region when it comes to how they benefit from an open minded stance when it comes to crypto, and Belarus can hopefully do the same in their field. The only thing to do take into consideration, is the fact that Belarus isn't really that attractive for major entities in the crypto world due to the situation there, and the unstable government. I first want to see if they manage to keep word consistently for a few years straight. After their main vision will be more clear, it very likely will give even international players the incentive to settle themselves there.

[Atajio]

Bceм дoбpoгo вpeмeни cyтoк! Ктo-тo влaдeeт инфopмaциeй o тoм кaк в Бeлapycи бyдeт paбoтaть cвязкa opгaнизaция - биpжa - бaнк? Ecть пpaктикa или paзъяcнeния пo этoмy вoпpocy?
Cпacибo!

[gentlemand]

Cool. But what happens if Russia ever follow through on their endless and empty threats to squish crypto? Belarus is hardly in a position to defy them when they're on their doorstep and suckle on their teet for survival much of the time.

And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.

[Mahanton]

It's a great step forward for crypto in its entirety, because what happens in one country will eventually happen in other countries as well. Japan has been a benchmark in the Asian region when it comes to how they benefit from an open minded stance when it comes to crypto, and Belarus can hopefully do the same in their field. The only thing to do take into consideration, is the fact that Belarus isn't really that attractive for major entities in the crypto world due to the situation there, and the unstable government. I first want to see if they manage to keep word consistently for a few years straight. After their main vision will be more clear, it very likely will give even international players the incentive to settle themselves there.

Even they do accept crypto then it wont really give much impact or attention into other nearby countries which same as you said due to the current situation of their government but somehow having such act might potentially give a change.Its really good to see and does give a good feeling to see countries which do consider and accept crypto due to its potential benefits.

[Biscutard]

Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.

Congratulation to their country but i'm still waiting for this kind of opportunity in my country so i can easily spend my crypto without using any exchanges anymore due to the high fees but i will still use it if i needed something. I hope more and more business would open something like this in the future.

[marielbeckham]

Finally, this has also happened in Belarus leading to the numerous positive changes.

[Rajamuda]

It looks very good, it's certainly can be a something that can support the development of crypto prices and the interest of many people will be encouraged by this statement to be seen by other countries to accept crypto and the country will look more advanced following the development of technology for the life and progress of the country+its citizens to ensure a better and more beneficial future.

[Palmerson]

I support such actions of the Belarusian authorities. But let's be honest. How can it benefit business? Now it is impossible to use cryptocurrency to purchase goods. This means that every cryptocurrency user has to have access to Fiat. sanctions have been imposed on Belarus and therefore many banks do not want to work in Belarus. This may have a negative impact on the attractiveness of this country to attract the capital of users of cryptocurrencies.

[BitHodler]

Cool. But what happens if Russia ever follow through on their endless and empty threats to squish crypto? Belarus is hardly in a position to defy them when they're on their doorstep and suckle on their teet for survival much of the time.

And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.

It may very well be that Russia was waiting or even pushing Belarus to do this, while it may not even have been the choice of Belarus itself. Russia's delay and back and forward moving may have explained itself now.

Russia itself is still running its old policy that it is forbidden to use anything other than the ruble as a means of exchange, but lacks the will to actually enforce its own laws, which is somewhat contradicting.

Some sites and services there are still allowed to accept Bitcoin or other cryptos as payment option, while others are being shut down with an iron fist. It's selective filtering that makes Russia extremely unstable for crypto startups.

Belarus may play an important role here for those affected.

[Kemarit]

Cool. But what happens if Russia ever follow through on their endless and empty threats to squish crypto? Belarus is hardly in a position to defy them when they're on their doorstep and suckle on their teet for survival much of the time.

And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.

I think this moved is likely to get the ire of the Russians. On the other hand, this is way for Belarus to say "f*** off guys. LOL. Anyways, I'm not surprised by the moved of the Belarus government because as early as December of last year they have initiated or offering tax incentives (5 years tax exempt) to attract potential crypto activity on their country. Belarus really wanted to be a big player in this cryptoverse, they even wanted to be a cryptohub, boosting of High Tech parks and Economic Zone. Even drafting laws friendly to crypto. So lets hope that they will attract a lot of ICO companies who wanted a safe haven.

[matuson]

I have no illusions about Lukashenka. He is a tyrant and I will never open a business in Belarus. But perhaps the locals are familiar with the peculiarities of business development in this country and can organize it. I am happy with any positive news regarding bitcoin. This will help add optimism to the bitcoin community.

[Universal pics]

Truly believe that action done by Belarus must be implemented worldwide. This is the only way to have crypto future, which seems to be a bit better that current one =)

[terrific]

Great country for great investment and aspiring leader in digital currencies.
This can be the start of other countries that will also do the same thing as Belarus legalized crypto.
Is Belarus is also the country that doesn't crypto profits right?
I hope nearby countries will do the same and what's the best if others will recognize what they've done.

[miningguru]

Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.

Congrats to the people who are actively trading cryptocurrency community in Belarus country. Still, we are waiting for many other countries to make their country as Digital Economy with Blockchain, i am also waiting for my country to declare news like this.

[sidd456]

FAUCETHUB is the ultimate site to earn a lots of cryptos... This is a earning machine!

[MoonJeina]

Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.

That is actually one of the most positive news about bitcoin in along time now amid all the negativity due to the ad bans etc .
I think that  Belarus government is  a smart one and have a fair idea about what lies in the future . They are sure that the block chain technology is going to be one of the most widely used technology in some years then why not start spreading and using it now . I think many other governments needs to learn from the. It is such a big initiative .

[MCVXYZ]

I always say that there will be a good tendences about  legalizing crypto related relations,why? answer is very simple,because of its possibilities.This news is not  good only for Belarus citizens its also good for all crypto investors in the world.I hope Soon neighboring states will also share this approach...As I know in Belarus Ease of doing business and economic freedom index is so high ,this process will help to develope faster social-economical conditions,its not only about technologies it will be also good for another forms of human capital.Just imagine many investors will chose your country if goverment creates legislative base which is suitable as for people as large investors.

[olubams]

Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.

This is really a great move and good news at that but would appreciate if the source of the news can be included in other to verify that source and the modalities for such approval because that is the key thing with current happenings these days. We should not just be happy about news like this without considering the compromise that might have to follow if it will go through. Government is known to be the master in carrot and stick approach to dealing with people.

[darkangel11]

Cool. But what happens if Russia ever follow through on their endless and empty threats to squish crypto? Belarus is hardly in a position to defy them when they're on their doorstep and suckle on their teet for survival much of the time.

And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.

Most countries of the former Soviet union depend on Russian gas and Russia is the bully that ends all conflicts with threats. That's why Poland, which used to be one of those countries threatened with gas shortages, stopped buying it from Russia and is now transporting it by sea.

As for Belarus, I'm interested how they will approach foreign investors that would like to move there to avoid crypto taxes. Maybe there are people among us who had to deal with local offices. What are the costs of registering a company there? How long do you have to wait? Is it difficult to get a citizenship?