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President approved decree aimed at development of the digital economy

Decree of the President of the Republic of Belarus of 21 December 2017 No 8“On development of the digital economy” is aimed at creating favorable conditions for the development of the IT industry and creation of the digital economy in Belarus and approves Regulations on the Park of High Technologies (HTP).

The Decree provides for new types of activity of HTP residents: development of biotechnologies, medical, aviation and space technologies, e-sports. HTP residents will be able not only to develop, but also produce high-tech science-intensive products.
The decree contain provisions regulating creation, placement, storage, alienation, exchange of tokens, as well as the activities of crypto platform operators and cryptocurrency exchange operators.

The Decree was officially published in Russian on the National Legal Internet Portal of the Republic of Belarus on 27 December 2017, and its main provisions enter into force in three months after its official publication.