Post
Topic
Board Bitcoin Discussion
Re: Belarus President Signed A Decree That Legalizes Mining And Cryptocurrencies
by
Kemarit
on 23/12/2017, 15:58:30 UTC
"Thus, the decree establishes conditions for using of cryptocurrency and tokens, and also introduces tax credits for cryptocurrency transactions."

Wow! They are giving tax credits for cryptocurrency transactions while other countries are trying to ban cryptocurrencies. Good for them

This is really a welcoming news for every crypto lovers out there. And they are offering 5 years tax exemptions. I say that this is a way to attract everyone who's into crypto to go to Belarus start their ICO's or anything relate and enjoy the benefit of no tax. I'm not sure if this is a first for crypto market, but it really looks a good strategy on their behalf. Embracing is one thing, buy giving incentives is another. I think upcoming ICO's should take advantage of the Belarus government offers. We should all moved to Belarus now. LOL. On the other side, I'm thinking that maybe a mining farm is also a good choice to put up as well. I'm don't know how much is the electricity cost in Belarus, but if some big entities what's to explore that possibilities, I'm sure that the government will also love to see not just ICO's and tokens, but mining farms as well to be established in their country.