Crypto Business Is Now Legal in Belarus

[veleten]

overall its a very good step,akin to legalising bitcoin in Japan for Asia
we  have to wait and see the imnplementation though
Belarus is not very known for its IT,unlike India,for example but this decision can lead to a boom in both businesses
and home grown talents as more money will be invested into education to fill in the positions to be potentially opened
as for Russia's influence or being behind it-I don't believe this,although Belarus sometimes is a testing ground,but not in this case
besides Lukashenko has been criticising Russia alot lately,for example the great milk debacle when he told his enterpreneurs to look for different markets,other than Russia
following the ban of milk produce from Belarus in Russia starting 31 of March

[1714957817]

1714957817

[Lieldoryn]

overall its a very good step,akin to legalising bitcoin in Japan for Asia
we  have to wait and see the imnplementation though
Belarus is not very known for its IT,unlike India,for example but this decision can lead to a boom in both businesses
and home grown talents as more money will be invested into education to fill in the positions to be potentially opened
as for Russia's influence or being behind it-I don't believe this,although Belarus sometimes is a testing ground,but not in this case
besides Lukashenko has been criticising Russia alot lately,for example the great milk debacle when he told his enterpreneurs to look for different markets,other than Russia
following the ban of milk produce from Belarus in Russia starting 31 of March

All the good news from Japan is over. Now I'm not sure that Japan will ever be a Paradise for cryptocurrency users. Exchanges are leaving Japan, and that's not a good signal. I think that the cryptocurrency business will not move to the countries of the former USSR. It's too risky. They will move to offshore jurisdictions.

[Taki]

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!

You have to create such question thread in your or Russian Local section. The law is new and I guess nobody understand how it is going to work exactly. If you are from Belarus, my advice to you is to find the information from the bank and exchanger directly.

[Sorento]

This a great news, how i wish Russia can do the same.... Congratulations to Belarusians!!

[alie121]

this is a good news tho, although in my country crypto business is not legal yet. Hope in my country crypto will be legal soon ..

[Harlot]

It will take more than that to lure in some entrepreneurs in doing business in there. I mean to keep things real as possible Bitcoin or any cryptocurrencies in that matter is not one of the main things a businessmen is looking at for, things like taxes, economy, target market are the things a businessmen is looking for before they venture out and try a business out there. They are only attracting a specific group of people who want to create a business out there and all of it will be crypto related businesses. 

[Binugon]

Belarus, a country suffering from a bad reputation with politicians in the West, is now poised to improve its image with western Moscow allies close to Moscow, also called the last dictatorship in Europe, becoming European leader as far as freedom crypto is concerned. Comprehensive regulation, which largely legislates the crypto sector, is now officially in force.

[veleten]

Belarus, a country suffering from a bad reputation with politicians in the West, is now poised to improve its image with western Moscow allies close to Moscow, also called the last dictatorship in Europe, becoming European leader as far as freedom crypto is concerned. Comprehensive regulation, which largely legislates the crypto sector, is now officially in force.

with all the "last dictatorship of Europe" stigma,Belorus has a democratically elected president,no dictatorship there whatsoever
it is just another western media fake news
if a country and its leader don't suit the west they brand them dictators,war mongers,evil etc.
take it with  a pinch of salt,will ya
Belarus can become the flagship for the cryptocurrency in Europe,if the legislation is supported by the goverment and the business
otherwise it could become just an empty declaration,we will monitor the news closely as this is important for both Belarus and Russia
and ,probably,to many european countries as well,to serve as a stimulus to adopt same measures

[Smpdytz1]

good news,we need some kind of good news like that for the recovery of btc. good decision from Belarus government by allow their country to new technology

[ahmad21]

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.

A really great news for all the crypto business maniacs all around the world. Crypto businesses have been on a great roar around the world. There are new ICOs coming up everyday to establish their names in the market. So belarus is really giving a great opportunity to all of them and not to forget that most of the countries don't even recognize crypto as legal whereas this country is giving incentives for the same. Belarus might be aiming to create a business friendly economy.

[Basmic]

Belarus, a country suffering from a bad reputation with politicians in the West, is now poised to improve its image with western Moscow allies close to Moscow, also called the last dictatorship in Europe, becoming European leader as far as freedom crypto is concerned. Comprehensive regulation, which largely legislates the crypto sector, is now officially in force.

with all the "last dictatorship of Europe" stigma,Belorus has a democratically elected president,no dictatorship there whatsoever
it is just another western media fake news
if a country and its leader don't suit the west they brand them dictators,war mongers,evil etc.
take it with  a pinch of salt,will ya
Belarus can become the flagship for the cryptocurrency in Europe,if the legislation is supported by the goverment and the business
otherwise it could become just an empty declaration,we will monitor the news closely as this is important for both Belarus and Russia
and ,probably,to many european countries as well,to serve as a stimulus to adopt same measures

I won't argue. I am not from Belarus, so I cannot say anything about this country. But I do not believe that there is freedom in any country from the former USSR. Communist ideology is destroying the minds of the citizens. I do not believe that big business will invest in a country with an ambiguous reputation. There are many other countries. But residents of Belarus may be able to freely access cryptocurrencies.

[Oceat]

Belarus, a country suffering from a bad reputation with politicians in the West, is now poised to improve its image with western Moscow allies close to Moscow, also called the last dictatorship in Europe, becoming European leader as far as freedom crypto is concerned. Comprehensive regulation, which largely legislates the crypto sector, is now officially in force.

with all the "last dictatorship of Europe" stigma,Belorus has a democratically elected president,no dictatorship there whatsoever
it is just another western media fake news
if a country and its leader don't suit the west they brand them dictators,war mongers,evil etc.
take it with  a pinch of salt,will ya
Belarus can become the flagship for the cryptocurrency in Europe,if the legislation is supported by the goverment and the business
otherwise it could become just an empty declaration,we will monitor the news closely as this is important for both Belarus and Russia
and ,probably,to many european countries as well,to serve as a stimulus to adopt same measures

I won't argue. I am not from Belarus, so I cannot say anything about this country. But I do not believe that there is freedom in any country from the former USSR. Communist ideology is destroying the minds of the citizens. I do not believe that big business will invest in a country with an ambiguous reputation. There are many other countries. But residents of Belarus may be able to freely access cryptocurrencies.

With all of this same kind of news popping out everywhere talking all about legality but the truth is no one really give a shit about of banning such crypto currencies in their countries. But the fact is that they just let the people to be aware of investing such as hyip and ponzi sites that could lead a loss of their money. I don't think crytocurrency could affect such political issues, because government doesn't bother it if it is not a hindrance to them.

Crypto currency is a different matter to them.

[lili song]

It's a great news when crypto currency is legal in some country especially in Belarus. In means crypto currency for some people still needed. Some investors still buy and hold in some coins. I hope in the future many country accept and legal crypto currency world will grow fast.

[FrontierObscura]

So... is crypto business different from the regular business? how so?

[AVAMONEY]

I read also this news from good source
https://news.bitcoin.com/crypto-business-is-now-legal-in-belarus

"Crypto Business Is Now Legal in Belarus" - "Crypto Activities Are Free, Tax-Free"

Decree №8, signed by President Alexander Lukashenko in December, entered into force on March 28 to create conditions for the development of the digital economy in Belarus. It effectively legalizes crypto business activities, like exchange services, initial coin offerings, mining operations, smart contracts.

With kind of information i got from source wikipedia, that
Economy of Belarus
GDP [Gross Domestic Product] Increase$173 billion (2017 est.)
GDP by sector agriculture (9.1%), industry (47.2%), services (43.7%) (2012 est.)

By stats, their citizen has huge interest in industry and services area, this is good point for both party either country accepting crypto and citizen using crypto for improving their business sector. The President Alexander Lukashenko has taken good decision with this issue.

[orions.belt19]

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.

I agree and I hope other countries would follow suit and this would have a domino effect. However, with the said unattractive state and unstable government of Belarus, others may not look up to it as a role model for others within the cryptospace to follow. Perhaps they have done so in the hopes to improve their economy. Legalizing cryptocurrencies opens up a lot of new opportunities and new businesses may be started to attract foreign investors. 

[veleten]

Belarus, a country suffering from a bad reputation with politicians in the West, is now poised to improve its image with western Moscow allies close to Moscow, also called the last dictatorship in Europe, becoming European leader as far as freedom crypto is concerned. Comprehensive regulation, which largely legislates the crypto sector, is now officially in force.

with all the "last dictatorship of Europe" stigma,Belorus has a democratically elected president,no dictatorship there whatsoever
it is just another western media fake news
if a country and its leader don't suit the west they brand them dictators,war mongers,evil etc.
take it with  a pinch of salt,will ya
Belarus can become the flagship for the cryptocurrency in Europe,if the legislation is supported by the goverment and the business
otherwise it could become just an empty declaration,we will monitor the news closely as this is important for both Belarus and Russia
and ,probably,to many european countries as well,to serve as a stimulus to adopt same measures

I won't argue. I am not from Belarus, so I cannot say anything about this country. But I do not believe that there is freedom in any country from the former USSR. Communist ideology is destroying the minds of the citizens. I do not believe that big business will invest in a country with an ambiguous reputation. There are many other countries. But residents of Belarus may be able to freely access cryptocurrencies.

believe me or not but there is much more freedom there than you can imagine
communist ideology? are you being serious? have a look at the Ukraine-the communist party has been outlawed
Latvia,Lithuania,Estonia all of them do not have any of the communist ideology whatsoever
Russia-P.Grudinin,the communist party candidate, got 11% of the votes,kinda shows you how popular it is
stop listening to the news and try to get information from different sources,
ambiguous reputation ,love the high horse approach 
business will invest where the capital gets the most profit,so if it is profitable to invest in cryptobusinesses in Belarus,the money will flow
Germany,France,Poland hell,even Great Britain are buying russian gas,even if they are crying that the russians are evil at every corner

[ahiaba.john@yahoo.com]

Congrats to the people of Belarus about legalizing crypto business in your country. This will allow for many people from this country to trade and transact business with crypto currency freely without restriction. This will also boost the economic development of this  country. I hope other countries in the world will emulate this gesture.

[AGenser]

Я дyмaю чтo для Бeлapycи в цeлoм этo oчeнь бoльшoй шaг впepeд. Ho здecь вaжнa oднa дeтaль - зa гpaницeй кpиптoвaлюты нaбpaли oбopoты и paзвивaютcя yжe дaвнo и интeнcивнo - вoпpoc : кaк быcтpo и мнoгo ли cпeциaлиcтoв бyдyт paзвивaть имeннo этo нaпpaвлeниe, и нacкoлькo кpиптa нaбepeт пoпyляpнocть. Пpивлeчeниe cпeциaлиcтoв и тpeнepoв из Poccии дyмaю oчeнь пoмoглo - пocкoлькy нa мoй взгляд тaм бoльшee кoличecтвo пpoфeccиoнaлoв нeжeли в Бeлapycи.

[Edraket31]

I would like to extend my congratulation to the people of Belarus for sure now they are celebrating and very happy about the good news they have right now in their country, hope that some countries who banned bitcoin will consider to evaluate again what is in bitcoin why some countries regulating it.