Skip to main content

EXCHANGE

*First Online Cryptocurrency Exchange Launched In Belarus



The first online cryptocurrency exchange -- based on blockchain technology -- has been launched in Belarus.

Media reports in Belarus said on January 15 that what they called the "world's first regulated tokenized securities exchange" at Currency.com was financially supported by London-based Belarusian entrepreneur Viktar Prakapenya and Russian businessman Said Gutseriyev.

The online service would allow users to exchange different types of cryptocurrencies as well to sell and buy them for national currencies.

Tokenization -- the process of substituting a sensitive data element with a nonsensitive equivalent, referred to as a token -- may be used to safeguard sensitive data such as bank accounts or financial statements.

A blockchain is a digital ledger where transactions made in Bitcoin or another cryptocurrency are recorded chronologically and publicly. Blockchain technology makes online transactions faster and more secure as well as anonymous.

The project is launched more than a year after Belarusian President Alyaksandr Lukashenka legalized transactions in cryptocurrencies such as Bitcoin.

Lukashenka signed the decree on December 22, 2017. He said at the time that the move was aimed at attracting foreign investors and turn Belarus into a regional center for blockchain technology.

Lukashenka said Minsk wanted to create conditions to encourage global IT firms to set up branches, research centers, and production facilities inside Belarus.

The decree makes initial coin offerings and transactions in crypto-currencies legal and all such trades will not be taxed until January 1, 2023.

The IT industry is one of the few booming sectors of the Belarusian economy.

The High-Tech Park was created in Minsk in 2006 to spur growth in the IT industry.

Comments

Popular posts from this blog

Is It Safe to Exercise if I Have Asthma?

Asthma and Exercise One of the goals of asthma treatment is to help you maintain a normal and healthy lifestyle, which includes exercise and other physical activities. Taking your asthma medications as prescribed, avoiding triggers, and checking your symptoms and how well your lungs are working will help you achieve this goal. If asthma symptoms prevent you from fully taking part in activities, talk to your asthma doctor. A small change in your asthma action plan may be all that is needed to provide asthma relief during exercise or other activity. Can Exercise Help My Asthma? Yes, regular exercise can: Help your lungs work better Boost your immune system so you get fewer colds Help you lose weight, which can cut your odds of an asthma attack Create “feel-good” chemicals in your body that hold of depression and stress. 2. Best and Worst Workouts for  Asthma Team sports that involve short bursts of exertion - like volleyball, gymnastics, ba...

Bitcoin

LETS COME TO THE POINT - IF YOU REALLY WANT KNOW WHAT IS BTC AND WHY WAS MADE THIS SYSTEM ! Bitcoin (BTC) is known as the first open-source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown independent programmers named Satoshi Nakamoto in 2008. Cryptocoin doesn’t have any centralized server used for its issuing, transactions and storing, as it uses a distributed network public database technology named blockchain, which requires an electronic signature and is supported by a proof-of-work protocol to provide the security and legitimacy of money transactions. The issuing of Bitcoin is done by users with mining capabilities and is limited to 21 million coins. Currently Bitcoin’s market cap surpasses $186.9 ($186,094,361,648) billion and this is the most popular kind of digital currency. Buying and selling cryptocurrency is available through special Bitcoin exchange platforms or ATMs. CHART CHART LINK- https://coinmarketcap.com/currencies...

You Know About Effects of Vitamis And Minerals in Our Body ?

Vitamins and minerals are essential nutrients because they perform hundreds of roles in the body. There is a fine line between getting enough of these nutrients (which is healthy) and getting too much (which can end up harming you). Eating a healthy diet remains the best way to get sufficient amounts of the vitamins and minerals you need. Vitamins and minerals are as essential for living as air and water. Not only do they keep your body healthy and functional, they protect you from a variety of diseases. Vitamins and minerals get thrown together, but they are quite different. Vitamins are organic substances produced by plants or animals. They often are called "essential" because they are not synthesized in the body (except for vitamin D) and therefore must come from food. Minerals are inorganic elements that originate from rocks, soil, or water. However, you can absorb them indirectly from the environment or an animal that has eaten a particular plant. ...