Belarus is waiting for the investors from South Korea...

[XMLGold.eu]

Belarus is waiting for the investors from South Korea for the development of blockchain projects...
Read more: https://www.xmlgold.eu/en/news/article/751/belarus-is-waiting-for-the-investors-from-south-korea/

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[kryptqnick]

I thought there were some issues with cryptocurrency regulations in South Korea. There was a discussion about banning ICOs (and I suppose they are indeed banned there) as well as banning exchanges (ended up with banning anonymous trading instead). I suppose they are planning to revise the ban and to make a more positive environment for cryptocurrencies and blockchain, but for now the situation is not very good. That's why I hope that Belarus is planning to host the investors that are feeling uncomfortable in South Korea due to some regulations and will make a crypto-friendly environment (perhaps, it could also help to make a better climate in Korea).

[BitHodler]

That's why I hope that Belarus is planning to host the investors that are feeling uncomfortable in South Korea due to some regulations and will make a crypto-friendly environment (perhaps, it could also help to make a better climate in Korea).

Belarus might look fine as country on paper in terms of crypto friendly regulations, but the main obstacle is how unstable the government there is, and I don't think any established business would want to settle itself there.

Has there been any less established business from outside Belarus that decided to settle itself there? I'm sure if there would be we would have seen it be covered already with how news outlets hyped up Belarus the best they could.

Belarus however is a solid testbed for Russia to see whether or not it's a good idea to allow crypto and the blockchain industry to grow within their borders. Belarus is basically collateral damage in case it doesn't work out.

[LeGaulois]

When you compare with Malta it makes me think that some small nations understood how to attract the million dollars from the taxes, knowing it's a hot emerging industry. At least they're trying to get out of their economic problems, so not blaming this.

[Gozie51]

From the above link :
"We remind that Belarus was the first country of the former USSR which legalized the turnover of cryptocurrencies. At the end of December last year, the President of the Republic of Belarus, Alexander Lukashenko, signed the decree, which entered into force in March this year".

I think the smaller countries are being smarter by being early adopters of cryptocurrency. Imagine after Belarus have signed in a deal with cryptocurrency, they are going ahead with having a synergy with Korean cryptocurrency enthusiasts. This is nice, and I hope it brings in better growth to blockchain.

[esetop01tryba]

I am very glad that the Republic of Belarus is interested in the development of blockchain technology and in the field of artificial intelligence, I wish them success in development !

[Akpuv]

Belarus is waiting for the investors from South Korea for the development of blockchain projects...
Read more: https://www.xmlgold.eu/en/news/article/751/belarus-is-waiting-for-the-investors-from-south-korea/

I can truly see the influence of the South Koreans on cryptocurrency and the blockchain technology. No wonder that most of the Exchanges of Korean origin are doing pretty well. They can help take the development to Belarus.

[stompix]

That's why I hope that Belarus is planning to host the investors that are feeling uncomfortable in South Korea due to some regulations and will make a crypto-friendly environment (perhaps, it could also help to make a better climate in Korea).

Belarus might look fine as country on paper in terms of crypto friendly regulations, but the main obstacle is how unstable the government there is, and I don't think any established business would want to settle itself there.

With Lukashenko being elected dictator president from 1994 and with all the "independent" prime minister he appointed this is the most stable government in all of Europe.

Not stability is the deterring factor, corruption and infrastructure are the real problems, not mentioning the language problem as you're going to have a hard time finding people speaking proper English, probably the smallest % in any of the former republics.