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Belarus creates tax-free hub for blockchain projects

famikon

famikon

Banned
Oct 25, 2017
4,604
ベラルーシ
"Europe's Last Dictator Wants to Run a Global Crypto Hub" / Bloomberg – https://www.bloomberg.com/news/arti...-dictator-now-wants-to-be-its-blockchain-king

The decree legalizes business based on blockchain -- the technology underlying cryptocurrencies such as bitcoin -- and all digital "tokens," as Belarus seeks to become a global hub for raising funds via so-called initial coin offerings, or ICOs. Revenue and profit from all operations using digital tokens will be exempt from taxes until 2023, while there'll be measures to simplify the flow of venture capital between Belarus and other countries, according to a summary of the decree published by Viktor Prokopenya, one of the businessmen lobbying for the legislation.
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Belarus is seeking to capitalize on a thriving tech industry that's grown up there in recent years as young programmers have created products that appeal far beyond the borders of the former Soviet republic. The phone messaging application Viber was developed in Belarus as were the NYSE-listed offshore programming company EPAM Systems Inc. and the popular online gaming service World of Tanks, which made founder Victor Kislyi the country's first billionaire.
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also discussion on Hacker News – "Belarus to create a regulatory environment for circulation of cryptocurrencies" – https://news.ycombinator.com/item?id=15986717
 

Deleted member 9838

User requested account closure
Banned
Oct 26, 2017
2,773
Kind of a weird thing for a state to be doing. I've never been here but I want to visit it for a weekend and just walk around the capital. There is something so interesting about traveling around former soviet union states. They feel somewhat european but very different as well.
 
Chopchop

Chopchop

Member
Oct 25, 2017
14,171
I guess they want a cut of that crypto money.

Not sure how they would regulate it properly though, since crypto has so many shady practices to begin with.
 
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