2019 Investment Climate Statements: Belarus

The U.S. Department of State’s Investment Climate Statement: Belarus The U.S. Department of State’s Investment Climate Statements provide country-specific information on the business climates of more than 170 countries and are prepared by economic officers stationed in embassies and posts around the world. They analyze a variety of economies that are or could be markets for U.S. businesses of all sizes. High Technology Park (HTP) Created in 2005 to foster development of the IT and software development […]

Bitcoin to be mined by Belarus – New Mining Data Center For Crypto

President of Belarus Alexander Lukashenko proposed to build a large data center for mining cryptocurrency next to the Belarusian nuclear power plant. Lukashenko described intention to build farms, mine Bitcoin, and sell the tokens. He added that “they say that if there is Bitcoin, it’s not a problem to sell it.” However, he added that Belarus plans to completely support the efforts of digital assets and the local digital economy. If the dates projected are accurate, then the […]

Belarus is a forward-thinking technology-powered nation

Minsk, Belarus

In December 2017, President Lukashenko signed a decree, which came into force three months later. According to some reports, Lukashenko allegedly said: “If it benefits us, it’s a plus. If not, I know who to blame.”  The decree marked a turning point in the evolution of the tech sector of the former Soviet republic with its 9.4 million citizens. It had an impact even before it was signed, says Dmitry Titov, the press secretary of the Belarusian high-tech […]

Software named Belarus’ main export to USA

Statue of Liberty

Software has become a number one export of Belarus to the USA, with the relevant figure past $0.5 billion. The fact was pointed out by Minister-Counsellor of the Embassy of Belarus in Russia Vadim Senyuta as he opened the second international conference “Designing the future. Digital reality problems” in the embassy on 7 February. The Digital Economy Development Ordinance was adopted in December 2017. The diplomat reminded that the ordinance had been presented at a similar forum […]

Belarus and New Developments in the Crypto Regulatory Framework

Belarus, which legalized business activities related to digital assets earlier this year, has now expanded its crypto-friendly regulatory framework. The High Technologies Park (HTP) in Minsk, where companies from the industry are welcome to register and operate, has announced new regulations aimed at creating even more favorable conditions for cryptocurrency startups. The former Soviet republic became one of the first jurisdictions in Europe to adopt legislation designed to attract crypto and blockchain companies when President Lukashenko’s decree […]

Belarusians Can Buy Cryptocurrencies Despite Losing Access to a Chinese Exchange.

Infamous chinese cryptocurrency exchange has informed Belarusian customers that its services will no longer be available in their country. Belarus is one of only a few jurisdictions in Europe that have adopted crypto-friendly regulations. The number of fintech entities operating in the country has been growing since President Alexander Lukashenko’s Decree No. 8 entered into force in March. Fortunately, other options are available. A number of online platforms offer exchange services in the post-Soviet space. Best Change, for […]

Belarus Blockchain Conference 2017

Acumira Belarus Blockchain Conference 2017

Belarus Blockchain Conference 2017 took place in Minsk, Belarus on November 24 2017. The conference brought together the brightest industry representatives and well-known Blockchain and Cryptocurrencies experts, who shared their vision of blockchain and cryptocurrencies development in Belarus and the world.