Belarus To Keep Liberal Bitcoin Rules, Russia Seeks Regulation
Belarus’ regulator says it doesn’t want additional restrictions as the Russian Ministry of Finance calls for bitcoin regulation.Belarus is reportedly not inclined to change its permissive bitcoin trading rules despite its neighbor and ally Russia having been drawn to considering a complete ban of trading and mining.Bloomberg reported on Tuesday that Belarus’ cryptocurrency regulator, Hi-Tech Park, does not have plans to tighten its liberal bitcoin-related legislation.“Restrictive changes to the existing regulatory model are not currently foreseen,” the press service of Hi-Tech Park, the....
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Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting activities. Cryptocurrency Miners in Russia and Belarus May Face Higher Energy Prices Entities engaged in the extraction of digital currencies in both Russia and Belarus may have to pay more for the electrical energy they need, media reports have revealed. Authorities in both countries are making....
The Belarusian president held a meeting over the week where he mentioned cryptocurrencies within the context of regulating the IT industry. Alexander Lukashenko hinted at tightening the regulatory framework to control crypto usage in Belarus. Lukashenko Seeks to Create a Unified Governmental Regulatory Body According to news agency Belta, Lukashenko met with senior government officials to clarify the regulatory environment that rules the crypto sphere. Overall, he asks for changes in the industry’s current rules. Firstly, he praised the fact that Belarus has been a....
The European Union announced late Wednesday that crypto assets fell within the category of “transferable securities,” and hence are clearly included in the scope of sanctions imposed on Russia for its invasion of Ukraine and Belarus for its participation. According to the EU, certain corporate entities and individuals from the two allied countries are prohibited […]