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Belarus are not required to pay taxes for the next five years. In addition, smart contracts are part of the local law and thus find their way into the judiciary. This is an absolute novelty.As the state news agency BELTA last Friday announced , Belarus will be the first nation ever to be a part of Smart Contracts makes its laws, President Alexander Lukashenko has signed a decree on the development of the digital economy. Lukashenko formulated his goals in a meeting with leading representatives of IT companies in the country. The mechanism of smart contracts could solve fundamental human problems even without a paper-based contract. Although the software is not perfect yet, says Lukashenko. Nonetheless, this is the path that development throughout the world would take. Everywhere, one understands better and better that digital contracts in the long run will replace all conventional ones that still require paper as a basis. After the US states of Arizona and NevadaThis year, smart contracts have been integrated into their local legislation, and this should now be done at the federal level in Belarus. There may be a better bill in the future, they said. But the government in Minsk simply wanted to be the first in the world to incorporate this modern technology into its legislation.Tax exemption until January 2023 Belarus wants to strengthen its own IT sector, which is why companies involved in mining , smart contracts, issuing their own tokens and trading in cryptocurrencies may earn tax-free profits for five years. The new regulation is due to expire in January 2023. The government in Minsk wants to create a positive environment for such business, so that the country as a location more attractive, as it was said.
Crypto-related activities are now considered legal in Belarus. The presidential decree “On the Development of the Digital Economy” came into force on March 28. The country aims to become a global IT hub luring entrepreneurs from around the world with a business-friendly environment. Unprecedented freedoms and generous incentives are enticing crypto companies to invest in the former Soviet republic.

Crypto Activities Are Free, Tax-Free
Belarus, a country that suffers from a bad reputation with politicians in the West, is now set to improve its image with western businessmen. On Wednesday, the close ally of Moscow, also called the last dictatorship in Europe, became a European leader as far as crypto freedoms are concerned. Comprehensive regulations, largely legalizing the crypto sector, are now officially in place.
The privatisation scheme in the Czech Republic produced a party eleite, judicial and political collusion built a 'new party' . It has taken time to dismantle corrupt practice. The Lukashenko regime can obnly be defeated at the ballot box and by a new generation that may have to produce an intelegent velvet approach. The 'crackdown; was brutal; like Hungary in 56. Poland have been intelegent and thier other post soviet V-4 group could do a lot. Pressure from Russia may happen, if they say no to oligarcs and insist on tax payments to give a return to the poor. Putin for all his faults could insist that in privatisation transparent tax methods prevail in Belarus. He saw post Yeltsin economy 'rape of money' and although he was authoritarian tax was collected. No easy answers, but to keep those in suffering in mind and heart.😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂