Belarus has made a bold leap to encourage the use of cryptocurrencies. The new law defines the key terms of cryptocurrency business and explains the meaning of the terms cryptocurrency, virtual wallet, mining, token, and its other basic concepts
Belarus has made a bold leap to encourage the use of cryptocurrencies. On December 21 2017, the President of Belarus signed into law “The Development of a Digital Economy” (“Law”). Since coming into effect on 22 March 2018, businesses based on blockchain technology have become legally regulated in the Republic of Belarus.