Cryptocurrencies like Bitcoin and Ethereum have taken off this year, attracting investment from all over the world and achieving mainstream adoption. Blockchain technology is attracting interest from many industries, with the surging price of Bitcoin and Ethereum’s first mainstream application CryptoKitties two recent standouts. According to the Belarus News Agency, the new ordinance gives “a serious competitive edge” to the country in the creation of a 21st-century digital economy. It provides friendly conditions and simplified regulations for resident companies of the Hi-Tech Park (HTP), a cluster for innovative IT. Belarus promotes the HTP as a special economic zone with a special tax and legal regime. In particular, Belarus wants to offer comprehensive regulations for business based on blockchain technology, as well as legalize cryptocurrencies, Initial Coin Offerings (ICOs) and smart contracts at the national level. The Digital Economy Development Ordinance is expected to come into force in March 2018, three months after its publication.