Belarus adopts crypto-currency law to woo foreign investors

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.