Belarus allowed ICO, mining and operations with the crypto currency

President of Belarus Alexander Lukashenko signed a decree "On the development of the digital economy". This was reported by the presidential press service.

Among other things, this document legalizes mining and operations with crypto-currencies in the country.

According to the President of Belarus, the document will help attract foreign IT companies, create new personnel, and introduce the latest financial instruments.

"Naturally, life is changing. Even at the beginning of the year we could not talk about any kind of minings, blockages and this new crypto currency. And already today it becomes a reality. Therefore, life and, of course, the legal and regulatory framework will change." commented the implementation of Lukashenka's changes.

As the resource Tut.by notes, individuals now have the right to own tokens and crypto-currencies, and also to mine, store, change, buy and sell for Belarusian rubles, foreign currency or electronic money, and to give and bequeath tokens. In addition, the decree states that the activities for mining, acquiring, alienating tokens, carried out by individuals, are not entrepreneurial activities.

What is even more interesting, the subjects of the economy are released can make various operations with crypto-currencies and tokens and make transactions on the exchange without the need to pay taxes.

Yurlitsa will be able to issue their own tokens through resident companies of the Belarusian High-Tech Park (HTP, a special economic zone for the development of IT companies). In fact, in Belarus they allowed ICO. Also they are allowed to buy and sell tokens through the crypto-exchange exchanges.

The decree also contains a number of provisions for simplifying the work of IT business in the country. In particular, HTP residents will be able to hire foreign citizens without special permits, and staff and founders of HTP residents will be able to enter the country without visas.

"Belarus is actually the first state in the world, which opens wide opportunities for the use of blockade technology. We have all chances to become a regional center of competence in this field, "Lukashenko said.

Source: president.gov.by and Tut.by