With the Decree N8 “On the development of the digital economy” the official issuance of cryptocurrency in Belarus has become possible.
There are some benefits of cryptocurrency issuance and circulation:
- exemption from VAT accrual of working capital, income of residents of the High Technology Park in the mining activity; creation, acquisition and disposal of tokens;
- exemption from taxation of personal income, obtained from mining activities, acquisitions (including receiving as a gift), alienation of tokens for Belarusian rubles, foreign currency, electronic money and (or) exchange for other tokens;
- exemption from payment of taxes if you are using the simplified system of taxation of revenue which was obtained through alienating tokens by exchanging them into other tokens.