Belarus adopts crypto-currency law to woo foreign investors


  • TECH
  • Tuesday, 26 Dec 2017

The decree legalises initial coin offerings and transactions in crypto-currencies, including their exchange for traditional currencies on Belarussian exchanges, while all trades will be tax-free for the next five years.

MINSK: Belarus has legalised transactions in crypto-currencies, part of a drive to foster private sector growth and attract foreign investment by liberalising parts of its Soviet-style economy. 

President Alexander Lukashenko signed a decree on the move on Thursday, his press service said.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
Google scraps minimum wage, benefits rules for suppliers and staffing firms
Trump media shares gain as it alerts Nasdaq of 'potential market manipulation'
Apple's offer to open up tap-and-go tech to be approved by EU next month, sources say
Dutch privacy watchdog recommends government organisations stop using Facebook
Nigerian court adjourns Binance and executives' tax evasion trial to May 17
Pornhub, XVideos, Stripchat face strict EU rules, Commission says
India's Wipro scrapes past lowered revenue expectations, prioritises growth pick-up
Japanese doctors demand damages from Google over ‘groundless’ reviews
Meta releases beefed-up AI models

Others Also Read