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Belarus to create a regulatory environment for circulation of cryptocurrencies

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Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#21

Post by lowry »

anorsich wrote: post #14
pzduniak wrote: post #7

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.

Victor Prokopenia was jailed in 2015 and detained for many months. Once he was released, he started consulting president's inner circles. This policy of carrot and stick is what prevents the appearance of oligarchs in Belarus. They are intimidated before they become too powerful to ignore. Very little information leaks about the reasons of such detentions and liberations.

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#22

Post by imhoguy »

lowry wrote: post #13
neals wrote: post #4

Earlier quoted context omitted.

So we're all setting up shop in Belarus to get our Crypto profits tax-free?

Belarus is finishing its first nuclear power station and wants to use the surplus capacity. Initially, they planned to sell it to Baltic countries, but these are in the EU, so it is not yet sure they will cut a deal. EU has a huge anti-nuclear, pro-carbon lobby.

Nuclear powered ASICs and GPUs without intermediaries, that would be a thing!

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#23

Post by anorsich »

imhoguy wrote: post #17
anorsich wrote: post #10

Earlier quoted context omitted.

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.

But it would be better the government be driven by long-term and wider improvements like overall business law stabilization. This case is narrow short-term opportunity. Anyway I wish you guys good luck!

I agree, but they're making quite good steps now. This document also declares: `Investment according to English Law will be allowed.` The process takes time but Belarus slowly removes borders and getting better. From 2017, residents of 80+ countries (including entire EU and US) were allowed to enter Belarus without a visa for 5 days (subject to be extended even further)

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#26

Post by dfee »

KasianFranks wrote: post #19
pedrocr wrote: post #12

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…

You're just in the middle of being disrupted with whats called a black and white swan event.

I assume you mean just “black swan”? I was curious about the white swan bit - maybe it was an orthogonal concept? But I settled on the regular kind.

https://en.m.wikipedia.org/wiki/Black_swan_theory

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#27

Post by cies »

myth_drannon wrote: post #9

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...

Any gov't were lobby has more power then voters is by definition not a democracy.

> the laws change at the whim of the rulers.

There are not too many (probably non at all) places were law changes are voted on by the general public directly.

I really do not think that calling some place "undemocratic" helps. What is more interesting to me is to what extend a place rulers/rules promote or counter oppression.

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#28

Post by cies »

lowry wrote: post #25
donquichotte wrote: post #24

Earlier quoted context omitted.

"No you're not." Recep Tayyip Erdoğan

Geographically, Turkey is not Europe, right?

Mostly not:

https://en.wikipedia.org/wiki/East_Thrace

Then again, what is Europe, geographically? If I count continents, I count something often call "eurasia" as one continent, not two. I think cutting it in two over some mountain rig is a bit, well, arbitrary.

Re: Belarus to create a regulatory environment for circulation of cryptocurrencies

#30

Post by rsynnott »

lowry wrote: post #13
neals wrote: post #4

Earlier quoted context omitted.

So we're all setting up shop in Belarus to get our Crypto profits tax-free?

Belarus is finishing its first nuclear power station and wants to use the surplus capacity. Initially, they planned to sell it to Baltic countries, but these are in the EU, so it is not yet sure they will cut a deal. EU has a huge anti-nuclear, pro-carbon lobby.

More like the EU has a huge anti-Belarus lobby (and for very good reasons). The Baltic countries mostly have their own nuclear plants, with no plans to close them; not that much anti-nuclear sentiment.
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