Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Belarus Unveils Cryptocurrency Regulation

Belarus Unveils Cryptocurrency Regulation

Kelly Cromley by Kelly Cromley
Dec 1, 2018
in Market News, News
Reading Time: 2 mins read
0

Belarus issues an incredibly favorable directive for cryptocurrency activities attempted in its technology parks, thus providing legitimacy for the sector and turning it to be one of the world’s first nations to attain this purpose.

Completing the law begun by Decree No. 8 last December, Minsk has presently given tokens, smart contracts, mining, exchanges and all associated new activities an accurate legal standing.

In order to support the growth of the sector in the country, a complete tax exclusion will be given for all crypto dealings at least until 2023, thereby eliminating the problems for companies that trade and which would have to declare their profits.

The rules also comprises the appeal for a substantial degree of transparency, which requires ventures to clarify clearly who the managerial figures are and who are the recipients of the benefits concerned.

In addition, only extremely competent individuals in certain major technical positions are anticipated to be hired. The purpose of the KYC regulations and the safety of user data with a benchmark that complies with the GDPR necessities laid down for the European Union have also gotten substantial notice.

This programme is portion of the organization of the High Technology Parks (HTP), zones predominantly favored from the administrative and monetary point of view, built to support innovative economic activities to be created. Activities of immense influence in this region, such as the Viber messaging app, the World of Tanks video game, with 120 million players around the world and, among the most recent arrivals, MapDate, a mapping website with sizeable funding from the Japanese SoftBank, have been set up.

Commenting on Belarus initiatives, Martin Hess from consulting firm Wenger & Vieli, said:

“Belarus has drafted a stand-alone, comprehensive regulation for digital assets. Cryptocurrency regulation is the future, because only regulation provides legal certainty. The distributed consensus provided by algorithms is not sufficient. The Belarus approach has the benefit of speed and simplicity, because it does not require an understanding of the whole Belarusian legislation, court and legal practice in order to start a business. This puts its legislation at the level of other major players such as the USA, South Korea, the European Union, Japan, Switzerland and Singapore”.

Previous Post

Coinbase Pro Begins Supporting Privacy Centered Crypto Zcash

Next Post

Crypto Index & Data On 17 Crypto Assets Launched By Bitmain

Related Posts

mint

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
0

Serial entrepreneur and global strategist Zak Manhire has unveiled Mint.io, a Web3 gaming platform that aims to steer the industry...

dcs card centre

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
0

DCS Card Centre, long known for its association with the Diners Club brand, is undergoing a substantial transformation in its...

AGII

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
0

AGII, a platform specializing in AI-driven Web3 infrastructure, has introduced a new suite of lightweight modules designed to elevate the...

metabora partners with line next

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025
0

METABORA, an established global player in casual game development and blockchain-based project operations, has formed a strategic alliance with LINE...

coinbase partners with perplexity ai

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
0

Coinbase has entered into a strategic collaboration with Perplexity AI to provide users with real-time cryptocurrency market data through artificial...

Dell Backed Hedera Blockchain Shuts Down After Cyber Attack

Hedera Moves Closer to AI Mainstream with Intel and NVIDIA Support

by Kelly Cromley
Jul 14, 2025
0

Hedera, a decentralized public blockchain, appears to be stepping into the spotlight as a key enabler of artificial intelligence infrastructure,...

Next Post
Crypto Index & Data On 17 Crypto Assets Launched By Bitmain

Crypto Index & Data On 17 Crypto Assets Launched By Bitmain

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

mint
Market News

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
dcs card centre
Market News

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
AGII
Market News

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
metabora partners with line next
Market News

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025
coinbase partners with perplexity ai
Market News

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree