Claim BonusJust-In: Belarus Gives Green Signal to Investment Funds for Investing in Crypto
In a major step, the Eastern European country of Belarus has decided that it will let investment funds seek exposure to digital assets. Belarus’ Ministry of Finance for public consultations has published amendments that seek to lure some investment funds.
The department said that despite it having the necessary regulatory framework for collective investments, not a single fund has registered so far. One of the major reasons behind this reluctance could be that these funds aren’t allowed to invest in crypto assets.
The Ministry of Finance further acknowledged that the market demand for cryptocurrencies is growing at a very fast pace. As a result, the ministry has come forward to make some amendments to the decree that will lift the restrictions on these funds and will allow them to simultaneously operate as securities dealers and residents of the Belarus High-Tech Park.
Tax Cuts for The Belarus Crypto Industry
Professionals from the crypto industry of Belarus have been demanding long-term guarantees from the government in crypto tax cuts. Listening to their demands, the Ministry of Finance has put forward new provisions that will provide tax exemptions to entities working on collective investments until Jan 1, 2031.
Back in 2018, Belarus hinted at being a crypto-friendly nation by allowing crypto businesses to operate in the country under the decree “On the development of the digital economy”. President Alexander Lukashenko has himself signed the documentation which involved tax breaks and additional incentives for companies operating in this space.
Currently, the Belarusian authorities have hinted that officials have no intentions to bring stricter rules for the crypto space. The country’s neighboring ally Russia has also moved to take up a soft stand on digital assets recently.
Note that despite this crypto-friendly stand, the use of digital assets in Belarus has been prohibited. However, residents are allowed to trade digital assets.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: Michael Saylor’s Strategy Adds 855 BTC Amid Bitcoin’s Crash Below Its Average Buy Price
- XRP News: Ripple Secures Full EU-Wide Electronic Money Institution License
- Ethereum Slips Below $2,200 Amid Broader Crypto Market Crash
- Crypto Market Crash: Why Are BTC, XRP, ETH, and DOGE Prices Falling Today?
- Is the Crypto Sell-Off Just Starting? Raoul Pal Flags US Liquidity Crisis From Govt. Shutdown
- Here’s Why Pi Network Price Just Hit an All-Time Low
- Crypto Events to Watch This Week: Will the Market Recover or Crash More?
- XRP and BTC Price Prediction if Michael Saylor Dumps Bitcoin Following Crypto Market Crash
- Here’s Why MSTR Stock Price Could Explode in February 2026
- Bitcoin and XRP Price Prediction After U.S. Government Shuts Down
- Ethereum Price Prediction As Vitalik Withdraws ETH Worth $44M- Is a Crash to $2k ahead?
