• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home INDIA

Belarus Gives Green Signal to Investment Funds for Investing in Crypto

CB4U by CB4U
February 5, 2022
in INDIA
0
Belarus Gives Green Signal to Investment Funds for Investing in Crypto
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

In a major step, the Eastern European country of Belarus has decided that it will let investment funds seek exposure to digital assets. Belarus’ Ministry of Finance for public consultations has published amendments that seek to lure some investment funds.

The department said that despite it having the necessary regulatory framework for collective investments, not a single fund has registered so far. One of the major reasons behind this reluctance could be that these funds aren’t allowed to invest in crypto assets.

The Ministry of Finance further acknowledged that the market demand for cryptocurrencies is growing at a very fast pace. As a result, the ministry has come forward to make some amendments to the decree that will lift the restrictions on these funds and will allow them to simultaneously operate as securities dealers and residents of the Belarus High-Tech Park.

Tax Cuts for The Belarus Crypto Industry

Professionals from the crypto industry of Belarus have been demanding long-term guarantees from the government in crypto tax cuts. Listening to their demands, the Ministry of Finance has put forward new provisions that will provide tax exemptions to entities working on collective investments until Jan 1, 2031.

Back in 2018, Belarus hinted at being a crypto-friendly nation by allowing crypto businesses to operate in the country under the decree “On the development of the digital economy”. President Alexander Lukashenko has himself signed the documentation which involved tax breaks and additional incentives for companies operating in this space.

Currently, the Belarusian authorities have hinted that officials have no intentions to bring stricter rules for the crypto space. The country’s neighboring ally Russia has also moved to take up a soft stand on digital assets recently.

Note that despite this crypto-friendly stand, the use of digital assets in Belarus has been prohibited. However, residents are allowed to trade digital assets.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Advertisement Banner
Previous Post

🔥MY SHOCKING REVIEW OF CRYPTO.COM (HUGE POTENTIAL?!!)🚀🚀🚀

Next Post

Japan Considers Easing The Country’s Strict $1 Trillion Coin Listing Regulations – Why Does It Matter?

CB4U

CB4U

Next Post
Japan Considers Easing The Country’s Strict $1 Trillion Coin Listing Regulations – Why Does It Matter?

Japan Considers Easing The Country's Strict $1 Trillion Coin Listing Regulations - Why Does It Matter?

Discussion about this post

RECOMMENDED

Fed crypto report out in coming weeks says Powell

Fed crypto report out in coming weeks says Powell

5 months ago
Crypto Market Is Still In The Early Stages, Says Ric Edelman

Crypto Market Is Still In The Early Stages, Says Ric Edelman

5 months ago

DON'T MISS

Three Arrows Capital is Not Registered in Dubai, Confirms Regulator

Three Arrows Capital is Not Registered in Dubai, Confirms Regulator

June 25, 2022
Top 3 small-cap crypto to trade this weekend: ARPA, YFI, NAV

Top 3 small-cap crypto to trade this weekend: ARPA, YFI, NAV

June 25, 2022
Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business – Metaverse Bitcoin News

Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business – Metaverse Bitcoin News

June 25, 2022
Officers Committee recommends postponing the decision to impose GST on cryptocurrency.

Officers Committee recommends postponing the decision to impose GST on cryptocurrency.

June 25, 2022
Crypto Currency Bazaar 4u

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Three Arrows Capital is Not Registered in Dubai, Confirms Regulator

Three Arrows Capital is Not Registered in Dubai, Confirms Regulator

June 25, 2022
Top 3 small-cap crypto to trade this weekend: ARPA, YFI, NAV

Top 3 small-cap crypto to trade this weekend: ARPA, YFI, NAV

June 25, 2022
Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business – Metaverse Bitcoin News

Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business – Metaverse Bitcoin News

June 25, 2022

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H