BREAKING: Belarus Legalizes ICOs, Cryptocurrencies And Smart Contracts With Revolutionary Law

On 22 December Belarus President Alexander Lukashenko signed the law on the overall regulation of digital tokens, cryptocurrencies, including bitcoin, initial coin offerings (ICOs), activities of cryptocurrency exchanges, smart contracts and related issues. It is the first law of its kind globally. Adoption of the decree makes Belarus the first world’s jurisdiction with the overall legal regulation of businesses based on blockchain technology. Tax changes The decree grants tax exemptions in regard to activities connected with digital tokens and cryptocurrencies. Special norms will be introduced into local IT legislation: English law institutes for startups to 0% corporate tax, VAT-free, reduced … Continue reading BREAKING: Belarus Legalizes ICOs, Cryptocurrencies And Smart Contracts With Revolutionary Law