President of Belarus Alexander Lukashenko signed a decree confirming official support for the free circulation of cryptocurrencies.
The president signed a decree “On the register of virtual wallet addresses and peculiarities of cryptocurrency circulation.”
The document envisages the formation of the register of virtual wallet addresses used in illegal activities by the High Tech Park and the establishment of the order of its functioning.
According to the decree, the document details the process and standards for seizing cryptocurrency from criminals.
The decree is intended to protect cryptoinvestors from potential losses and “prevent inadvertent participation in activities prohibited by law.”
The announcement notes that Belarus has taken a friendly stance on cryptocurrencies.
“Belarus consistently develops the legal field of regulation of activities related to digital assets and, unlike many other states, allows the free circulation of digital currencies,” the statement said.
According to the document, the Council of Ministers of Belarus is obliged to take appropriate measures to implement the decree within three months after its publication.