Cryptocurrencies would soon be legal in Belarus effective Mar 28th. This should be great news for Crypto entrepreneurs and enthusiasts . This should attract foreign investors and help companies leverage the true potential of the multiple services the Cryptoworld offers. Though activities like mining, acquisition of tokens are not categorized as entrepreneurial , these are still considered non-taxable. However, until Mar 28th cryptocurrency would remain unregulated. Companies looking to do business in Hi-Tech park based in Belarus would greatly benefit from this legal move.
It would be interesting to see how this pans out and whether it would be successful case study for other countries to follow and embrace crypto legally. Time will tell!
