Belarus has no plans to tighten its liberal cryptocurrency regulation even as its main economic ally Russia suggested to ban token mining and transactions.
“Restrictive changes to the existing regulatory model are not currently foreseen,” the press service of Hi-Tech Park, the Belarusian crypto-currency regulator, said by email.
While paying with cryptocurrencies for goods and services in Belarus is prohibited, companies are allowed to trade in them and create new tokens via residents of Hi-Tech Park.
Belarusian individuals don’t have to declare their personal cryptocurrency operations to tax authorities.
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