Belarusian Ministry Of Finance Releases Cryptocurrency Accounting Framework
Belarus has officially introduced cryptocurrency accounting standards, according to a March 6 document by the Ministry of Finance. The document lays out the information needed about tokens for accounting purposes, as well as how to categorize tokens received by organizations depending on their further use.
Belarus has been super liberal and supportive regarding cryptocurrency. In November last year, crypto-related bill for the Belarusian High-Tech Park was signed, allowing new technologies to develop specifically including cryptocurrencies and Initial Coin Offerings(ICO).
It's interesting that cryptocurrency will be put on organizations' account as credit
Cryptocurrecy market still has further way to go, which means there is potential to grow.
Great news! There have been news for a long time that Belarus has recognized all the Crypto-currency and will not impose taxes! They have a good government!
This will make AB-Chain project be even more popular and in demand in advertising crypto related business. And also, this big news will difinitely brings up the reputation of bitcoins and altcoins. I hoped other countries will also follow what Belarus country did. It will totally help the price of cryptos going back at 19k USD or even more.