Today is a special day for one small country in Eastern Europe. I talk about Belarus. Maybe you’ve never heard about it but for now you should remember this name! Belarus – is the first country in the world where you can launch your ICO entirely alongside with legal base.
Belorussian’s President Aleksandr Lukashenko has signed a “Cryptocurrency Act”. Now individuals and companies can use 3rd part tokens and create their own crypto assets, with one note, there is a special cluster of IT companies who will held all the procedures and only they could provide you with Coin Offerings and other services.
According to the Act, now with cryptocurrencies, in Belarus, people can do whatever they want. Mining, selling, buying, exchanging, presents and so forth could be done with crypto.
The main advantage of this document is that all revenues received from the cryptocurrency deals are automatically exempt from an income tax right up to the year of 2023.
After Christmas, official text of the document should be published. After it we’ll develop a guidelines on how to launch your currency or ICO in Belarus alongside with the new law.