The Belarusian authorities has proposed to nominate the Hello-Tech Park Administration as a supervisory authority for native crypto exchanges and digital tokens, First Deputy Prime Minister Nikolai Snopkov announced on March 16.
“The federal government has proposed to make the Administration of the Hello-Tech Park a supervisory physique for crypto-exchanges and digital tokens. The President supported the federal government’s thought. I consider that such a call will probably be made shortly,” Snopkov mentioned.
In response to Snopkov, the federal government is presently making an attempt to decide on an acceptable authorities company to oversee native crypto platforms in keeping with pan-European guidelines.
Snopkov mentioned, “It’s logical that the HTP Administration is essentially the most proficient, with the perfect experience on this area.”
“I’m certain that the HTP Administration will give you methods to harness digital know-how to advertise the event of the nation inside the international community of crypto-exchanges and digital token,” Snopkov added.
Belarus HTP is a particular tax and authorized regime for IT enterprise in Belarus that goals to assist develop the know-how sector within the nation. In response to official state records, Belarus HTP is a territory inside the Republic of Belarus that isn’t thought of a free or particular financial zone however fairly a jurisdiction offering some authorized advantages and tax exempts to its residents. The HTP Administration is a authorized establishment answerable for managing the HTP’s actions.
As beforehand reported by Cointelegraph, Belarus HTP has been actively concerned in actions across the crypto trade regulation. In 2018, a committee on the HTP issued a set of rules for the operation of the crypto market within the nation, together with laws associated to preliminary coin choices.
The HTP didn’t instantly reply to Cointelegraph’s request for remark.