The new "Silicon valley"

President of Belarus Alexander Lukashenko 21.12.2017 signed a decree "On the development of the digital economy", the key idea of which is the legalization and support of transactions with cryptocurrencies and mining and blockchain technology at the state level.

The decree permits free crypto-currency trading and its usage in everyday life in Belarus. Individuals will be able to store, exchange, buy, give, bequeath, mine, and exchange for Fiat currency and cryptocurrency tokens. It is thus determined that mining, buying and selling of tokens is carried out by physical persons, not related to business activities. To declare cryptocurrencies and income from operations Belarusians also will not have to. Entities will be able to produce their own tokens through resident companies of the Belarusian Park of high technologies, i.e., to hold the ICO campaign in Belarus, it is enough to find a partner who is a resident of the HTP. Company registration in the country is not required. They will also be able to buy and sell the tokens through a cryptocurrency exchange.

In addition to issues of cryptocurrencies in the decree highlights the provisions that should simplify the work of IT sector in the country. So, the HTP resident-companies are allowed to employ foreign nationals without permission, and the founders and employees of Park residents will be able to enter Belarus without visas. The document establishes a number of tax benefits for the IT company, free from duties the company, which represent promotional opportunities for HTP residents that are expected to facilitate collaboration with Google, Facebook and other companies.

To become a resident of HTP, according to the decree, will be able companies involved in training networks, the development of artificial intelligence, cryptocurrency and mining, as well as online advertising and e-sports.
HTP resident-companies will be able to perform the following actions associated with the turnover of the token and crypto-currencies:

●To provide services for organization and holding of the ICO, including promotion and advertising;
● To organize the crypto currency exchange;
● To organize cryptogenic;
● Mine;
● To act as investment funds;
● To conduct their own ICO.

Over the next five years — until January 1, 2023, in many operations with tokens will not have to pay taxes. So, will not need to pay VAT on the transfer of rights to tokens to other persons (including foreign organizations), income tax when you exchange one token to the other is also not payable. Revenue from exchange are also exempt from taxes. In addition, income of individuals from realization of the permitted operations on the tokens is not subject to income tax from natural persons. The HTP residents are also entitled to the use of smart contracts.
http://taler-pool.online/
Thus, in Belarus there was a national crypto currency called Taler . Belarus has opened doors for investors in the field of high technologies. We can conclude that this is a good opportunity to implement their business ideas .