Belarus's cryptocurrency and ICO formally legalized

Belarusian President Alexander Lukashenko has signed a decree to legalize cryptocurrency, ICO and smart contracts. All cryptocurrency transactions and corresponding income, including mining, will be tax-free for 5 years.

Legalize cryptocurrency transactions and ICO

Lukashenko announced on Friday that he has signed the "Digital Economic Development" Act. He explained: The main goal of this document is to create favorable conditions for attracting global IT companies to Belarus to open offices, research and development centers, and to produce popular products. The bill also legalizes cryptocurrency, ICO, and smart contracts. According to reports, Belarus has legalized cryptocurrency transactions with the aim of strengthening private sector development and attracting foreign investment by loosening the Soviet economic model. The bill legalizes ICO and cryptocurrency transactions, including cryptocurrency transactions with traditional currencies in the Belarusian exchange. All traders do not need to pay taxes in the next 5 years. People will be able to hold, trade, buy, donate, bequeath (in the form of inheritance) cryptocurrencies, and freely mine, while trading cryptocurrencies and tokens. In addition, the public does not need to declare cryptocurrency income and income, because they do not need to pay taxes until January 1, 2023. In addition, the first cryptocurrency exchange in Belarus will be officially launched next spring.

Unparalleled advantage

This decree creates unique conditions for the residents of the High-Tech Zone (HTP) in Belarus. Residents of the area are free to mine and trade cryptocurrencies. The media pointed out in the report that Belarus has created unique conditions for global cryptocurrency regulation, which is very beneficial to ordinary people, companies and investors. HTP's legal entity (company) can attract investment by issuing its own ICO tokens and trading tokens on cryptocurrency exchanges. Earlier this month, the Belarusian Ministry of Finance and the National Bank stated that they did not support the legalization of cryptocurrencies, as this would pose a huge risk to the financial markets.

Terminal Blocks

Our Terminal Blocks can be divided into these series(as follow),With the increasing degree of industrial automation and increasingly strict and precise industrial control requirements, the use of terminal blocks is gradually increasing:

PC-412 series Plug-in Terminal Blocks

Terminal Blocks,Terminal Block Connector,Bus Bar Terminal,Electrical Terminal Block

Ningbo Bond Industrial Electric Co., Ltd. , https://www.bondelectro.com