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Payments & FinTech Lawyer

Belarus establishes legal framework for cryptocurrencies and blockchain

Presidential Decree No. 8 was signed in Belarus on 21 December 2017 (‘Decree No. 8’ or the ‘Decree’), which among other things establishes a legal framework for cryptocurrencies, the use of smart contracts and other aspects of blockchain technology. Decree No. 8 is one of the most eagerly awaited documents for the Belarusian IT community and enters into force on 28 March 2018. Tatiana Emelianova and Aleksei Filonov of VMP Vlasova, Mikhel and Partners Law Office, discuss the background to the Decree and the exemptions provided.

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