Belarus Becomes New Location For Crypto Operations After Legalization of Bitcoin Activities

2018-11-11 02:48

Belarus Becomes New Location For Crypto Operations After Legalization Of Crypto Activities

A recent News.Bitcoin.com report revealed that after the Minsk government legalized crypto activities, number of crypto businesses have seen a spike in the Belarus Hi-Tech Park (HTP). In particular, that number has grown to approximately 388, with nearly half of them considered as an official resident.

As per the claims made, the reasons for such legalization are countless. However, the primary aims have been to encourage high tech businesses in Belarus, with emphasis on innovative and promising crypto projects.

As for what aspects of crypto has been approved by the government, the news outlet revealed them as being Initial Coin Offerings (ICOs), crypto exchanges, and mining.

Some Notable Crypto Businesses To Date

So far, a fair share of notable crypto businesses has chosen their location of operations as Belarus. This includes blockchain development company, Aetsoft, crypto-related advertising platform provider, Biggico, Far East Technologies and Kbl Group – both of whom are aspiring to bring crypto mining services, cloud-mining specialist, Smartpool, crypto payment services provider, Aiscom, and tech-based firm, Omertex to name the least.

This is definitely a starting point for Belarus, given that the government wishes to attract promising projects and take a stance within this competitive field. However, they still have a long way to go, as the HTP still lacks proper regulation when it comes to dealing with digital assets.

The lack of clarity is concerning as it still prevents banks from taking part in crypto transactions. If this persists, Belarus will simply become a dumping spot for all types of crypto projects – good and bad.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0072656 (-100%)

crypto activities belarus number bitcoin legalization new

crypto activities → Результатов: 126


Фото:

Texas State Securities Board Takes Emergency Actions Against Crypto Fraudsters

The Texas State Securities Board entered emergency action on November 6, against two fraudulent companies involved in cryptocurrency mining activities. AWS Mining PTY Ltd and EXY Crypto had been allegedly deceiving investors promising unrealistic returns, enticing them through social media platforms and by recruiting unlicensed multilevel marketing agents, respectively.

2018-11-7 18:59


China's Central Bank Wants to Put the Damper Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-5 22:04


China's Central Bank Wants to Put the Damper on Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-7 22:04


Фото:

Binance Freezes Funds on Multiple Accounts with Dubious Crypto Exchange

Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns. The CEO of Binance went on Twitter recently to announce the freezing of multiple accounts owned by Wex, claiming that Binance will cooperate with law enforcement in any way possible should a criminal investigation result from alleged money laundering.

2018-11-1 01:47


Фото:

Experts Criticize UK MPs for Their New Proposal on Crypto Regulation

The UK MPs have fallen out of favor with crypto experts after proposing a new regulation that would see the Financial Conduct Authority (FCA) cracking down on illegal cryptocurrency activities. Some experts have weighed in on the latest developments claiming that it could damage the crypto industry and drive cryptocurrency exchanges out of the country, reported […] Experts Criticize UK MPs for Their New Proposal on Crypto Regulation was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-1 21:29


Фото:

Chinese Court Rules in Favor of Bitcoin, Calls Crypto Transactions Legal

After a year of the Chinese authorities effectively outlawing cryptocurrency and related activities in the country, a Chinese court has now ruled in favor of Bitcoin. While hearing a case involving digital currencies, the Shenzhen Court of International Arbitration said that owning and transferring Bitcoin is not forbidden by Chinese law.

2018-10-30 18:59


Фото:

Is Self-Regulation Good Enough to Lure Institutional Investors Into the Cryptocurrency Market?

Over the last few years, particularly after the dawn of the Mt. Gox hack in 2014, the crypto market’s reputation has been badly tarnished. The market is now closely associated with hacks, scams, fraud, and other several criminal activities that are on par with the overly exaggerated Wild West in the early seventeenth century.

2018-10-10 17:14


Фото:

UK’s Ambiguous Stance on Crypto Exposes Consumers to Risk, Nation Could Lose Out on Crypto Race

Lawmakers and leaders in UK’s cryptocurrency industry are now pushing for the government to enact regulations to govern the sector. There are concerns from lawmakers that the government’s current vague stance on the industry is putting consumers at risk, leaving the door wide open for potential criminal activities.

2018-9-24 18:34