Belarus remains crypto -friendly because the ally Russia is considering a flat -rate ban - regulation

The authorities in Belarus do not intend to issue stricter rules for the country's crypto compartment. And that despite the fact that the neighboring Russia, a close partner in many areas, is considering a flat -rate ban on a number of activities in connection with cryptocurrencies, as suggested by the central bank in Moscow.

Belarus keeps cheap crypto regulations at

civil servants in Belarus do not plan to tighten the country's framework for the cryptosector, according to an explanation. This comes as a Russia, which is a close economic area , thinks about a proposal, strict limits for a series of operations in connection with crypto, including mining, trade and investments.

"restricting changes to the existing regulatory model are currently not intended," said Belarus Hi-Tech Park ( htp ) said in correspondence with BNN Bloomberg. The HTP, often referred to as the "Belarusian Silicon Valley", manages a special legal system that has been set up to facilitate the development of the country's IT industry, including the crypto business.

Minsk legalized crypto activities such as mining and Exchange with a decree signed by President Alexander Lukaschenko = "_ Blank" href = "https://news.bitcoin.com/crypto-is-ly-in-in-belarus/" Rel = "noopener"> in March 2018. introduced tax reliefs and other incentives for companies that work with digital assets.

In April 2019 the Belarusian leader recommended that bitcoin-farms in nuclear power could be built in Grodno and in August last year he pushed Belandsen stay in your home country and start with the digging of cryptocurrencies. Despite suggested last week to ban the use, edition and exchange of cryptocurrencies. However, it was the uncompromising attitude of the regulatory authority Institutions.

lubomir Taskensev

lubomir Taskensev is a journalist from the technically experienced Eastern Europe, to the Hitchen's quote: "To be a writer is what I am and not what I do." In addition to crypto, blockchain and fintech, international politics and business are two other sources of inspiration.

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