The government of Belarus has enacted new laws with the aim of helping the development and growth of crypt currencies block chain tech and crypto currency companies within the country.
Resident Alexander Lukashenka signed a decree that enshrines the use of emerging tech within the country as well as well as giving a significant amount of tax incentives to help draw and crypto currency base companies into the country. The largest and most significant part of the decree is that companies working with or developing smart contracts tokens and crypto currency as well as both trading and mining will be exempt from income taxes for the next five years which is kind of nuts of the law states all turnovers profits income proceeds etc. From various operations with tokens are not recognized as taxable until January 2023 within the country even better the head of the country central bank has stated that the country is also looking to make what they call a high-tech park which will serve as a base for crypto currency based services and businesses to be able to open their doors in do business. So this would be great if every country in the world was this welcoming. I believe already has their own crypto within the country as well so following in their footsteps it seems that Israel is also working towards making their own digital currency as well this apparently comes from a source that is close to the Minister of Finance and it goes that Israel has a massive black market as many countries do but I think it's actually like one-fourth of their entire economy and as such one way that they're thinking of curbing these divot ease is by releasing their own digital coin within the country.