A law regulating the crypto market’s activities appeared in Belarus

It was signed by President Alexander Lukashenko on February 14

15.02.2022 - 12:40

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What’s new? President of Belarus Alexander Lukashenko has signed a law regulating activities in the field of cryptocurrencies. The document states that the free circulation of digital currencies is allowed in the country. The law also implies the creation of a register of virtual wallet addresses used in illegal activities.

Document on the website of the President of Belarus

What are the prospects? The government of Belarus hopes that the new regulations will allow protecting the cryptocurrency market participants from loss of property. The authorities also noted that they intend to monitor the field of digital assets and tighten the norms imposed if necessary.

What had happened before? In early February, the Ministry of Finance of Belarus stated that it had drafted amendments to the legislation that will allow funds to invest in digital assets.

The agency also considers it necessary that professional securities market participants have the right to become residents of the Hi-Tech Park (HTP).

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