Belarus Decree Regulates Blockchain Businesses, Legalizes Smart Contracts

[kreslik.news]

Belarus, a country in the eastern part of Europe, has taken another progressive step to adopt blockchain technology, as on 18 June, the country’s President, Alexander Lukashenko, has signed a bill making it the first jurisdiction with a comprehensive regulation of businesses based on blockchain technology.

The bill has also legitimized smart contracts at the state level.

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Belarus is one of the few European countries which are betting bullishly on cryptocurrencies. Late last year, its President signed a decree legitimizing transactions in cryptocurrencies which came into effect earlier in March. The primary objective ... (read more)