Topic: Crypto Business Is Now Legal in Belarus - page 2. (Read 442 times)
Belarus, a country suffering from a bad reputation with politicians in the West, is now poised to improve its image with western Moscow allies close to Moscow, also called the last dictatorship in Europe, becoming European leader as far as freedom crypto is concerned. Comprehensive regulation, which largely legislates the crypto sector, is now officially in force.
It will take more than that to lure in some entrepreneurs in doing business in there. I mean to keep things real as possible Bitcoin or any cryptocurrencies in that matter is not one of the main things a businessmen is looking at for, things like taxes, economy, target market are the things a businessmen is looking for before they venture out and try a business out there. They are only attracting a specific group of people who want to create a business out there and all of it will be crypto related businesses.
this is a good news tho, although in my country crypto business is not legal yet. Hope in my country crypto will be legal soon ..
This a great news, how i wish Russia can do the same.... Congratulations to Belarusians!!
Bceм дoбpoгo вpeмeни cyтoк! Ктo-тo влaдeeт инфopмaциeй o тoм кaк в Бeлapycи бyдeт paбoтaть cвязкa opгaнизaция - биpжa - бaнк? Ecть пpaктикa или paзъяcнeния пo этoмy вoпpocy?
Cпacибo!
You have to create such question thread in your or Russian Local section. The law is new and I guess nobody understand how it is going to work exactly. If you are from Belarus, my advice to you is to find the information from the bank and exchanger directly. Cпacибo!
overall its a very good step,akin to legalising bitcoin in Japan for Asia
we have to wait and see the imnplementation though
Belarus is not very known for its IT,unlike India,for example but this decision can lead to a boom in both businesses
and home grown talents as more money will be invested into education to fill in the positions to be potentially opened
as for Russia's influence or being behind it-I don't believe this,although Belarus sometimes is a testing ground,but not in this case
besides Lukashenko has been criticising Russia alot lately,for example the great milk debacle when he told his enterpreneurs to look for different markets,other than Russia
following the ban of milk produce from Belarus in Russia starting 31 of March
All the good news from Japan is over. Now I'm not sure that Japan will ever be a Paradise for cryptocurrency users. Exchanges are leaving Japan, and that's not a good signal. I think that the cryptocurrency business will not move to the countries of the former USSR. It's too risky. They will move to offshore jurisdictions. we have to wait and see the imnplementation though
Belarus is not very known for its IT,unlike India,for example but this decision can lead to a boom in both businesses
and home grown talents as more money will be invested into education to fill in the positions to be potentially opened
as for Russia's influence or being behind it-I don't believe this,although Belarus sometimes is a testing ground,but not in this case
besides Lukashenko has been criticising Russia alot lately,for example the great milk debacle when he told his enterpreneurs to look for different markets,other than Russia
following the ban of milk produce from Belarus in Russia starting 31 of March
overall its a very good step,akin to legalising bitcoin in Japan for Asia
we have to wait and see the imnplementation though
Belarus is not very known for its IT,unlike India,for example but this decision can lead to a boom in both businesses
and home grown talents as more money will be invested into education to fill in the positions to be potentially opened
as for Russia's influence or being behind it-I don't believe this,although Belarus sometimes is a testing ground,but not in this case
besides Lukashenko has been criticising Russia alot lately,for example the great milk debacle when he told his enterpreneurs to look for different markets,other than Russia
following the ban of milk produce from Belarus in Russia starting 31 of March
we have to wait and see the imnplementation though
Belarus is not very known for its IT,unlike India,for example but this decision can lead to a boom in both businesses
and home grown talents as more money will be invested into education to fill in the positions to be potentially opened
as for Russia's influence or being behind it-I don't believe this,although Belarus sometimes is a testing ground,but not in this case
besides Lukashenko has been criticising Russia alot lately,for example the great milk debacle when he told his enterpreneurs to look for different markets,other than Russia
following the ban of milk produce from Belarus in Russia starting 31 of March
Cool. But what happens if Russia ever follow through on their endless and empty threats to squish crypto? Belarus is hardly in a position to defy them when they're on their doorstep and suckle on their teet for survival much of the time.
And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.
And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.
Most countries of the former Soviet union depend on Russian gas and Russia is the bully that ends all conflicts with threats. That's why Poland, which used to be one of those countries threatened with gas shortages, stopped buying it from Russia and is now transporting it by sea.
As for Belarus, I'm interested how they will approach foreign investors that would like to move there to avoid crypto taxes. Maybe there are people among us who had to deal with local offices. What are the costs of registering a company there? How long do you have to wait? Is it difficult to get a citizenship?
Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.
This is really a great move and good news at that but would appreciate if the source of the news can be included in other to verify that source and the modalities for such approval because that is the key thing with current happenings these days. We should not just be happy about news like this without considering the compromise that might have to follow if it will go through. Government is known to be the master in carrot and stick approach to dealing with people.
I always say that there will be a good tendences about legalizing crypto related relations,why? answer is very simple,because of its possibilities.This news is not good only for Belarus citizens its also good for all crypto investors in the world.I hope Soon neighboring states will also share this approach...As I know in Belarus Ease of doing business and economic freedom index is so high ,this process will help to develope faster social-economical conditions,its not only about technologies it will be also good for another forms of human capital.Just imagine many investors will chose your country if goverment creates legislative base which is suitable as for people as large investors.
Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.
That is actually one of the most positive news about bitcoin in along time now amid all the negativity due to the ad bans etc .
I think that Belarus government is a smart one and have a fair idea about what lies in the future . They are sure that the block chain technology is going to be one of the most widely used technology in some years then why not start spreading and using it now . I think many other governments needs to learn from the. It is such a big initiative .
FAUCETHUB is the ultimate site to earn a lots of cryptos... This is a earning machine!
Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.
Congrats to the people who are actively trading cryptocurrency community in Belarus country. Still, we are waiting for many other countries to make their country as Digital Economy with Blockchain, i am also waiting for my country to declare news like this.
Great country for great investment and aspiring leader in digital currencies.
This can be the start of other countries that will also do the same thing as Belarus legalized crypto.
Is Belarus is also the country that doesn't crypto profits right?
I hope nearby countries will do the same and what's the best if others will recognize what they've done.
This can be the start of other countries that will also do the same thing as Belarus legalized crypto.
Is Belarus is also the country that doesn't crypto profits right?
I hope nearby countries will do the same and what's the best if others will recognize what they've done.
Truly believe that action done by Belarus must be implemented worldwide. This is the only way to have crypto future, which seems to be a bit better that current one =)
I have no illusions about Lukashenka. He is a tyrant and I will never open a business in Belarus. But perhaps the locals are familiar with the peculiarities of business development in this country and can organize it. I am happy with any positive news regarding bitcoin. This will help add optimism to the bitcoin community.
Cool. But what happens if Russia ever follow through on their endless and empty threats to squish crypto? Belarus is hardly in a position to defy them when they're on their doorstep and suckle on their teet for survival much of the time.
And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.
And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.
I think this moved is likely to get the ire of the Russians. On the other hand, this is way for Belarus to say "f*** off guys. LOL. Anyways, I'm not surprised by the moved of the Belarus government because as early as December of last year they have initiated or offering tax incentives (5 years tax exempt) to attract potential crypto activity on their country. Belarus really wanted to be a big player in this cryptoverse, they even wanted to be a cryptohub, boosting of High Tech parks and Economic Zone. Even drafting laws friendly to crypto. So lets hope that they will attract a lot of ICO companies who wanted a safe haven.
Cool. But what happens if Russia ever follow through on their endless and empty threats to squish crypto? Belarus is hardly in a position to defy them when they're on their doorstep and suckle on their teet for survival much of the time.
And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.
It may very well be that Russia was waiting or even pushing Belarus to do this, while it may not even have been the choice of Belarus itself. Russia's delay and back and forward moving may have explained itself now.And it would nice if the 'unprecedented freedoms' extended a little further into everyday life.
Russia itself is still running its old policy that it is forbidden to use anything other than the ruble as a means of exchange, but lacks the will to actually enforce its own laws, which is somewhat contradicting.
Some sites and services there are still allowed to accept Bitcoin or other cryptos as payment option, while others are being shut down with an iron fist. It's selective filtering that makes Russia extremely unstable for crypto startups.
Belarus may play an important role here for those affected.
I support such actions of the Belarusian authorities. But let's be honest. How can it benefit business? Now it is impossible to use cryptocurrency to purchase goods. This means that every cryptocurrency user has to have access to Fiat. sanctions have been imposed on Belarus and therefore many banks do not want to work in Belarus. This may have a negative impact on the attractiveness of this country to attract the capital of users of cryptocurrencies.
It looks very good, it's certainly can be a something that can support the development of crypto prices and the interest of many people will be encouraged by this statement to be seen by other countries to accept crypto and the country will look more advanced following the development of technology for the life and progress of the country+its citizens to ensure a better and more beneficial future.
Jump to: