Belarus Adopts Cryptocurrency Law To Woo Foreign Investors
Belarus has legalized transactions in crypto-currencies, part of a drive to foster private sector growth and attract foreign investment by liberalizing parts of its Soviet-style economy.
President Alexander Lukashenko signed a decree on the move on Thursday, his press service said.
Bitcoin, the world's most popular crypto-currency, has lost a third of its value since hitting a record high of close to $20,000 on Sunday, but its supporters dismiss warnings over volatility and say it is the start of a new monetary system not dependent on central banks.
“All smart and intelligent people know what stability and order are,” state news agency BelTA quoted Lukashenko as saying earlier this month. “They’re all trying to reach that shore. We’re prepared to arrange a dock and even a harbor.”...