Belarus to Legalize Cryptocurrency and ICO

President of Belarus is expected to sign a decree which would legalize cryptocurrencies through the Belarusian High-Tech Park (HTP)
24 November 2017   1231

In 2005, Belarus president Alexander Lukashenko signed a decree to set up an IT-focused special economic zone, similar to Silicon Valley in the U.S, called the High-Tech Park. HTP explores provisions for cryptocurrencies and ICOs at the legislative level.

Among other provisions, if the law is passed, cryptocurrencies and initial coin offering (ICO) tokens will be approved for circulation. In addition, exchanges will be able to trade rubles for cryptocurrency, ICOs can be used for financing, and mining will also be allowed by law in Belarus.

The decree provides for the introduction into civil circulation of cryptocurrencies and tokens based on the technology of blockchain. A comprehensive legal regulation is proposed so that HTP residents can provide crypto exchange services, exchange cryptocurrencies, attract financing through ICOs, [and] use cryptocurrencies and tokens in civil circulation.

 

HTP statement

Belarus is also about to have its first centralized cryptocurrency exchange. Set to launch in the spring of next year, it will be the first centralized cryptocurrency exchange in Belarus with the possibility of legal input and output of fiat funds.

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   4

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 
 

Eddie Hughes

MP

Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.