11–20 of 148 posts
Just FYI Belarus is not a democracy and the laws change at the whim of the rulers. Read the journal of this blogger who got arrested there https://www.bbc.com/news/amp/blogs-trending-38804499 , the people(the foreign nationals) who were in jail with him...
No taxes (until 2023) on mining, selling/buying tokens. Here are details: • The rights of physical and legal entities in terms of token circulation are defined. Legal entities are entitled to possess tokens, create and list their own tokens through HTP residents; buy, exchange tokens and perform other operations using tokens only through the cryptocurrency exchanges and cryptocurrency exchange operators. • Individual…
So we're all setting up shop in Belarus to get our Crypto profits tax-free?
No taxes (until 2023) on mining, selling/buying tokens. Here are details: • The rights of physical and legal entities in terms of token circulation are defined. Legal entities are entitled to possess tokens, create and list their own tokens through HTP residents; buy, exchange tokens and perform other operations using tokens only through the cryptocurrency exchanges and cryptocurrency exchange operators. • Individual…
Some oligarch must've invested into cryptocurrencies, otherwise they wouldn't give a crap about it.
Just FYI Belarus is not a democracy and the laws change at the whim of the rulers. Read the journal of this blogger who got arrested there https://www.bbc.com/news/amp/blogs-trending-38804499 , the people(the foreign nationals) who were in jail with him...
Just FYI, Belarusians often refer to Donald Trump as the american Lukashenka. They share quite a few traits.
So Belarus becomes tax heaven for crypto-currencies, but is it safe heaven? One can transfer money out of Belarus but then one's country tax collector will knock the door. And what if one day Mr Alexander decides to nationalize these companies including foreign currency assets?
Nothing is safe. A fact, that validity period of HTP's special legal status will be extended until Jan 2049, give us some level of confidence. It won't be that easy to turn around.
Earlier quoted context omitted.
Some oligarch must've invested into cryptocurrencies, otherwise they wouldn't give a crap about it.
We don't have oligarchs in Belarus :) Victor Prokopenia ( https://www.facebook.com/viktor.prokopenya ), one of the most famous investors and businessman from Belarus is the one who actually influenced these changes.
The blockchain hype seems to have some parallels to the Second Life[1] one. The technology isn't quite there, the valuations are immense, and it all seems like a real life implementation of a Neal Stephenson novel. Second Life doesn't seem to have gone anywhere but it doesn't mean cryptocurrencies won't as well. From the outside they do look just as niche and generally lacking in use cases. [1] https://en.wikipedia.o…
Question 7: How does the Law regulate Blockchain and cryptocurrencies? It can't. The principle argument that deals will be safe because the HTP residents are 'trusted and respectable companies' is naive and invalidates the fundamentally trustless model of blockchains.
Question 8: How is the mining activity of individuals regulated? Won't they launder funds through Belarus? Money laundering happens every day with fiat currency, and with cryptocurrencies this is even easier. Exchanging currencies across both blockchains and boarders introduces innumerable difficulties for detection of money laundering.