Belarus to Become the First Country to Incorporate Cryptocurrency Accounting Sta

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Belarus to Become the First Country to Incorporate Cryptocurrency Accounting Standards

Intending to use the global interest in digital currency to benefit the country’s budget, Belarus has officially presented information containing cryptocurrency accounting standards, as the recent document issued by the Ministry of Finance states. The document has outlined the ways of categorizing virtual coins that are obtained from organizations.

“Belarus is the first of the countries to give a comprehensive definition of the cryptocurrency sphere in the legal field,” - the CEO of Digital Finance says.

On March 28, 2018 the “Digital Economy Growth” bill, the main source of cryptocurrency regulation, will come into effect in Belarus. The document mainly tells us about a new High-Tech Park (HTP), which is to be the medium for crypto coins’ legalization.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/belarus-to-incorporate-cryptocurrency-accounting-standards/