DECREE ON CRYPTOCURRENCIES

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Decree No. 8 “On the development of the digital economy” comes into force on March 28 in Belarus. The document establishes legal conditions for ICO, the use of cryptocurrency and the introduction of smart contracts. Belarus becomes the first jurisdiction in the world with the comprehensive legal regulation of businesses based on blockchain technology. The decree has no restrictions and special requirements for operations on creation, allocation, storage, disposal, exchange of tokens, as well as activities of cryptocurrency exchange operators. At the same time, the Belarusian Currency and Stock Exchange will not conduct the trade or other operations with cryptocurrencies. All operations with cryptocurrencies can be carried out only under the auspices of the “Park of High Technologies.”

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