Belarus 1st country in world to provide regulation of blockchain technology

22 декабря 2017

The decree On the development of digitalization of the economy is revolutionary, both for the global IT-system and for the Belarusian economy as a whole. The tax regime in the Park of High Technologies was extended until 2049. Residents do not have to pay VAT, income tax for foreign organizations and offshore fees. Due to the expansion of the activities of the residents of the park, new professions will appear in different spheres of the economy.

IT-companies are able to provide grants to talented teachers and students.

A real sensation is the legal regulation of the blockchain technology in Belarus.