Bitcoin News — Belarus

Growing Number of Crypto Companies Operating From Belarus

Posted by Lubomir Tassev on

Growing Number of Crypto Companies Operate From BelarusA number of cryptocurrency businesses are now based in the Belarus Hi-Tech Park after the government in Minsk legalized crypto-related activities for its residents. Registering an entity in the special economic zone was supposed to be a straightforward process, but clearer guidelines and detailed regulations are still needed to attract more investors. Also read: Huobi […]

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Chechnya to Create Mining Pool for Eurasian Economic Union Countries

Posted by Kevin Helms on

Chechnya to Create Mining Pool for Eurasian Economic Union CountriesChechnya will create a Eurasian crypto mining pool, the press secretary of the head of the Chechen Republic has reportedly confirmed. The project aims to combine the resources of crypto miners from the Eurasian Economic Union countries. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Chechen Mining Pool Alvi Karimov, the press […]

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South Korean Crypto Know-How and Capital Sought by Uzbekistan and Belarus

Posted by Lubomir Tassev on

South Korean Crypto Know-How and Capital Sought by Uzbekistan and BelarusSouth Koreans undoubtedly have some respectable crypto experience and others have taken note. Uzbekistan, which recently legalized the trading of digital assets, has turned to South Korean experts for help in realizing a project to create the country’s first cryptocurrency exchange. Belarus, a leading crypto-friendly destination in the post-Soviet space, is trying to lure fintech […]

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Belarus Seeks South Korean Investors Interested in Blockchain and Fintech

Posted by Ana Alexandre on

Belarus is seeking South Korean investors interested in blockchain and fintech projects.

Belarusian diplomats are seeking South Korean investors for the country's growing blockchain and fintech industry, Korea JoongAng Daily reported September 6.

During a visit to Seoul on Tuesday, the deputy foreign minister of Belarus Andrei Dapkiunas reportedly stated that Belarus endeavors to establish relations with Korean investors interested in “fourth industrial revolution” technologies, including blockchain and artificial intelligence (AI).

In an interview with Korea JoongAng Daily, Dapkiunas noted that Belarus has developed “groundbreaking state legislation” in the IT sector, and said that the country is “making innovative strides on blockchain, cryptocurrency, start-up development and software production.”

The two countries have well-established business relations. South Korean exports to Belarus include IT products, electronics, vehicles, and construction equipment, while Belarus supplies potash fertilizers, semiconductors, optical instruments, and lasers. Dapkiunas reportedly said that “there is so much more potential for reciprocal interest between Belarus and Korea and we feel that this potential is not fully realized.” He added:

“We believe that there is a significant potential for mutually beneficial cooperation in such fields as aerospace, artificial intelligence, biotechnologies, electric and self-driving vehicles, robotics and electronics, nanomaterials and digital economy.”

Belarus clearly defined its position towards the digitization of the economy in May, when the Minister of Telecommunications and Informatization Sergey Popkov said that digital technology is considered a top priority due to its ability to transform “the economy, public administration and social services.”

In a separate statement, Chairman of the Belarusian House of Representatives Vladimir Andreichenko revealed that the country was developing a resolution promoting digital economy for a session of the Parliamentary Assembly of the Organization for Security and Co-operation in Europe.

In March, Belarus officially introduced cryptocurrency accounting standards. A document released by the Ministry of Finance defined the information needed about tokens for accounting purposes and how to categorize tokens received based on their use.

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The Daily: Minsk Mulls Rules for Exchanges, Qiwi Awards Employees with Tokens

Posted by Lubomir Tassev on

The Daily: Minsk Mulls Rules for Crypto Exchanges, Qiwi Awards Employees with TokensIn today’s Bitcoin in Brief, Belarus, which legalized crypto activities this spring, is now turning its attention to adopting standards for companies operating crypto exchanges and issuing tokens. We’ve covered the decision of the Russian payment provider Qiwi to motivate its employees with tokens. The Daily also features crypto news from China and Canada. Also […]

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