Eu crypto assets regulation
The Decree allows eu crypto exchange entities to store tokens cryptocurrencies in digital wallets, to create and place tokens in Belarus and abroad through residents of High Tech Parks HTPto buy and sell tokens for Belarusian rubles, foreign currency and electronic money, to perform other transactions with tokens via crypto platform operators and crypto exchange operators - HTP-residents.
Activity by natural persons in mining, storage, exchange and sale of tokens is not recognized as a business activity if carried out independently without involving other persons eu crypto assets regulation labour or civil law contracts and need not be declared. Decree no 8 establishes additional preferences for those involved in relations connected with wax coin binance of modern technologies tax exemptions, non-application of currency restrictions until Tokens mined during the mining process are considered as assets for accounting purposes.
In general, Decree no 8 creates only framework conditions for the legal regulation of blockchain technology, though improving legal acts are expected over time. In addition, a number of new legal institutions are introduced for HTP residents, e.
We should remember that the High-Tech Park in Belarus was established in and provides tax plus other benefits and preferences for residents. The new Decree extends this special regime until January 1,and introduces additional simplifications.
In particular: - non-application of legislation on control of foreign trade transactions; - the option to process foreign economic transactions in non-documentary form e. The decree enters into force on March 28, Taip pat perskaitykite.