Belarus Considers Digital Economy A Top Priority, Develops Resolution For OSCE Meeting

On the 15th may, local news BeITA reported that Belarus consider the digitization of the economy a top priority and is developing a resolution advancing digital economy for a session of the Parliamentary Assembly of the Organization for Security and Co-operation in Europe (OSCE PA).


The Minister of Telecommunications and Informatization Sergey Popkov said that advanced technology is considered as a top priority  because of its capacity to change “the economy, public administration, and social services.” Popkov additionally referred to the recently adopted Decree on the Development of Digital Economy, which facilitates the cryptocurrency related activity. This was delivered at the Eurasian digital forum.


“The adopted Decree number 8 has provided unprecedented rights for the residents of Belarus High Technologies Park (HTP) to explore such innovative technologies as blockchain, cryptocurrencies, and smart contracts.”


In a different statement, Chairman of the House of Representatives Vladimir Andreichenko revealed that Belarus is also developing a resolution supporting the digital economy for a session of the OSCE PA in Berlin this July. Andreichenko gave an announcement about the coming session when he met with the Georgian ambassador to Belarus, Valeri Kvaratskhelia:


“…The Belarusian resolution is aimed at promoting the digital economy. It also deals with the issues of economic growth in the OSCE region, elimination of various obstacles and barriers, harmonization of standards, etc.”


The resolution has just been arranged and will need a large number of signatures at the Belarusian House of Representatives. Andreichenko said that the resolution will also be sent to Georgian MPs to get their help.


A week ago, local media announced that the National Bank of the Republic of Belarus (NBRB) is thinking about strict requirements for investing into Initial Coin Offerings (ICOs), and is intending to present а similar regulatory system for crypto exchanges. ICO investments will be closed to approve investors, who must fulfill two of four strict criteria to qualify.


On May 1, Cointelegraph revealed that the Belarusian crypto-related decree will be updated to require certain crypto exchanges to give client information to authorities. An organization must give data on its management structure, customer names, and communication records. The information will be stored for a long time, and KYC requirements will be connected to new clients in some cases.


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