Belarus has determined the procedure for collecting cryptocurrencies

Belarus has determined the procedure for collecting cryptocurrencies

Belarus has determined the procedure for collecting cryptocurrencies

The Ministry of Justice of Belarus has established the procedure for collecting digital currencies as part of enforcement proceedings. This is reported on website departments.

The document was adopted for the implementation of the February decree on the creation of a register of bitcoin walletsused in illegal activities.

Accounting for seized or arrested cryptocurrencies should be carried out by the authorities conducting the criminal process.

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The Decree of April 14 fixes the procedure for collecting cryptocurrencies, including during the confiscation of the debtor’s property. The procedure also provides for their assessment and implementation in the framework of enforcement proceedings.

Recall that in 2018 Belarus entered into force Decree on the development of the digital economy. It established framework conditions for the use of cryptocurrencies and tokens, and also introduced tax incentives for crypto-currency transactions.

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