Regulation is something that's on everybody's lips in the Bitcoin space right now and the future of Bitcoin and the Blockchain across various regions globally is something that everybody is waiting to see how it will play out.
We've had some clarity as to the progress certain policymakers are making in various global regions, with China, Japan, much of Europe and the US making strides towards one end goal or another (be that regulation, acceptance, adoption or an outright ban) and it seems as though we're getting fresh information daily as to how things are playing out in those regions that are yet to make (or at least publish) their decisions.
The latest insight we have picked up derives from none other than Belarus.
According to reports out of the nation (as reported by popular news media outlets in Belarus) the government of the nation is set to put forward its decision on Bitcoin and blockchain very near term.
The first reports of some advance on the subject came from a domestic media outlet called Tut By Media, reporting as follows:
"The decree provides for the introduction into civil circulation of Cryptocurrencies and tokens based on the technology of blockchain. A comprehensive legal regulation is proposed so that HTP residents can provide crypto exchange services, exchange Cryptocurrencies, attract financing through ICOs, [and] use Cryptocurrencies and tokens in civil circulation."
Note that this is one element of a wider technological decree and the overarching decree is designed to pave the way for future technological advance in Belarus and – in turn – to attract the sorts of businesses that can help regenerate an economy (many of which, right now, are blockchain based).
So that's one more nation that seems to be acting favorably towards Bitcoin and blockchain. Who will be next? We will wait and see and report on it when it happens.
Author : Jack Dean
https://bitconnect.co/bitcoin-news/848/belarus-is-about-to-legalize-cryptocurrency/