Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025

Tax Benefits for Bitcoin Businesses in Belarus Extended Until 2025Tax exemptions for companies and individuals legally working with cryptocurrencies in Belarus will remain in place until Jan. 1, 2025. A new presidential decree extends the tax cuts introduced in 2018 when the executive power in Minsk legalized crypto activities such as mining and trading. Belarus to Maintain Its Crypto-Friendly Tax Regime for Another 2 […]

Go to Source

Powered by WPeMatico

Belarusian Bank Gets the Go-Ahead to Service Crypto Investors

Belarusian Bank to Service Crypto InvestorsA bank in Belarus has effectively gotten the green light to process transfers related to digital assets. DFS, an affiliated company of Belveb Banking Holding’s member VEB Technologies, was recently registered as a resident of the High Technologies Park. The country’s special economic zone has already become home to many crypto businesses. Also read: Bittrex […]

The post Belarusian Bank Gets the Go-Ahead to Service Crypto Investors appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies

Here’s How Belarus Pressures Russia to Legalize CryptocurrenciesRelations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach to regulating decentralized assets, while some in Moscow […]

The post Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining?

Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining?Cryptocurrency mining has lost some of its profitability during the prolonged bear market of the past year. However, not all investors are short-sighted. Belarus, for example, is not giving up on its intentions to develop the digital economy, of which the crypto space is a part of. Minsk thinks it has enough resources and soon […]

The post Will Belarus Be the First Country With Nuclear-Powered Bitcoin Mining? appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Crypto Business Is Now Legal in Belarus

Crypto Business Is Now Legal in BelarusCrypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in […]

The post Crypto Business Is Now Legal in Belarus appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Belarus Adopts Crypto Accounting Standard

Belarus Adopts Crypto Accounting StandardDays before legalizing crypto activities, Belarus has adopted a new accounting standard that deals with cryptocurrencies. It classifies digital tokens according to their acquisition and intended use. The document defines the information companies will be required to share with authorities. The presidential decree regulating the crypto sector comes into force on March 28. Also read: […]

The post Belarus Adopts Crypto Accounting Standard appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico