Belarus creates legal framework for cryptocurrency

Belarus creates legal framework for cryptocurrency

Image by: news.crypto.pro On December 21, President of Belarus Alexander Lukashenko signed the decree on “Development of digital economy”, which creates a legal framework for ICO , cryptocurrency and introduction of smart contracts. “Belarus is now the world’s first jurisdiction with a complex legal framework for regulating blockchain-based businesses. The decree provides for no restrictions and special requirements to creating, placing, storing, expropriating or exchanging tokens and to the activity of crypto platform and cryptocurrency exchange operators. Mining , purchase and expropriation of tokens by natural persons is not a business activity and tokens are not required to be […]