Belarus President Signs New Crypto-Friendly Decree Into Law
Belarusian President Alexander Lukashenko has signed a decree formally endorsing the free flow of cryptocurrencies such as Bitcoin. The president has signed a directive titled “On the register of virtual wallet addresses and the circulation of cryptocurrency,” according to Lukashenko’s press office. Belarus Maintains Crypto-Friendly Position Lukashenko signed Decree No 48 “on the register of […]
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President Alexander Lukashenko has signed another decree regulating the crypto economy of Belarus. It envisages the establishment of a register for cryptocurrency wallets and addresses certain legal aspects pertaining to the circulation of cryptocurrencies in the country.
Presidential Decree Aims to Prevent Use of Crypto Wallets in Criminal Activities
Belarusian President Alexander Lukashenko has signed a new decree that expands his country’s regulatory framework for cryptocurrencies. The move will allow the Belarus High-Tech Park (HTP), which oversees the nation’s....
The decree provides a legal basis for Belarus Hi-Tech Park to set up a register of crypto wallets used in illegal activities. Belarusian President Alexander Lukashenko has signed a decree affirming the country’s formal support of free circulation of cryptocurrencies like Bitcoin (BTC).Lukashenko’s press office announced Monday that the president has signed a decree “On the register of virtual wallet addresses and the circulation of cryptocurrency.”The document provides a legal basis for Belarus Hi-Tech Park to establish and manage a register of crypto wallet addresses used in illegal....
Implementing a recently signed presidential decree, the government of Belarus has introduced a procedure allowing the state to seize digital currency holdings. The move will grant law enforcement authorities in Minsk powers to seize crypto assets linked to illegal activities. Justice Ministry Regulates Confiscation of Digital Coins in Belarus The Ministry of Justice of Belarus has established a legal procedure for the seizure of cryptocurrency funds as part of enforcement proceedings, the crypto news outlet Forklog reported, quoting an announcement released by the department. The measure....
The Ministry of Energy of the Republic of Belarus has launched an investigation into the potential pros and cons of crypto mining. The Belarus state is studying the cryptocurrency industry for a potential move into mining digital coins like Bitcoin (BTC).The Ministry of Energy of the Republic of Belarus officially announced Friday that it is actively exploring the pros and cons of cryptocurrency mining. Minister Viktor Karankevich said that the crypto mining industry is rapidly growing all over the world in countries like China, the United States, Canada and Russia.The minister went on to....
Authorities in Belarus have no intentions to adopt stricter rules for the country’s crypto space. That’s despite neighboring Russia, a close partner in many areas, considering a blanket ban on а number of activities related to cryptocurrencies as suggested by the central bank in Moscow. Belarus to Keep Favorable Crypto Regulations Officials in Belarus do not plan to tighten the country’s regulatory framework for the crypto sector, a statement has indicated. This comes as Russia, which is a close economic ally, is mulling over a proposal to impose harsh....