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Belarus Legalizes Cryptocurrency Payments & Initial Coin Offerings (ICOs)
Belarus Legalizes Cryptocurrency Payments & Initial Coin Offerings (ICOs) Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Belarus, a country wedged between Russia and the European Union, recently legalized cryptocurrencies and Initial Coin Offerings (ICOs), in a move that’s set to drive private sector growth and attract foreign investors to the country, a former communist republic that’s still dominated by its state, filled with inefficient enterprises, and dependent on its neighbor Russia’s money and subsidies. Bitcoin’s current crash, that’s already l ed the cryptocurrency below the $11,000 mark before it bounced back to $12,401 at press time, seemingly didn’t put off the country’s president, Alexander Lukashenko, who signed the decree on Friday while on the move. The decree notably gives cryptocurrency enthusiasts tax breaks and legal incentives, as its goal is to help turn Belarus into an internatio...
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