Hi-Tech Park Belarus expects no restrictive amendments to the country’s crypto regulatory framework.
Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow.Officials in Belarus do not plan to tighten the country’s regulatory framework for the crypto sector, a statement has indicated.
, is mulling over a proposal to impose harsh restrictions on a range of crypto-related operations, including mining, trading, and investing. “Restrictive changes to the existing regulatory model are not currently foreseen,” the Belarus Hi-Tech Park said in correspondence with BNN Bloomberg. The HTP, often called “Belarusian Silicon Valley”, manages a special legal regime established to facilitate the development of the country’s IT industry, including crypto business.
Minsk legalized crypto activities such as mining and exchange with a decree signed by President Alexander Lukashenko which in March 2018. It introduced tax breaks and other incentives for companies working with digital assets.
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