Belarus Makes Strides to a Digital eEconomy, Develops Resolution for OSCE Meeting

Belarus Digital Economy

The Belarussian government appears to consider the digitization of the economy a top priority and is developing a resolution promoting digital economy for a session of the Parliamentary Assembly of the Organization for Security and Co-operation in Europe (OSCE PA), local news BelTA reports May 15.

Minister of Telecommunications and Informatization, Sergey Popkov said at the Eurasian Digital Forum that digital technology is considered as a top priority due to its ability to transform “the economy, public administration, and social services.” Popkov further cited the recently adopted Decree on the Development of Digital Economy, that facilitates the cryptocurrency-related activity.

“The adopted Decree number 8 has provided unprecedented rights for the residents of Belarus High Technologies Park (HTP) to explore such innovative technologies as blockchain, cryptocurrencies, and smart contracts,” Popkov continues.

In another statement, Chairman of the House of Representatives Vladimir Andreichenko also revealed that Belarus is developing a resolution promoting digital economy for a session of the OSCE PA in Berlin this July. Andreichenko gave a statement about the coming session when he met with the Georgian ambassador to Belarus, Valeri Kvaratskhelia:

“…The Belarusian resolution is aimed at promoting the digital economy. It also deals with the issues of economic growth in the OSCE region, elimination of various obstacles and barriers, harmonization of standards, etc.”

The resolution has reportedly already been prepared and will require a number of signatures at the Belarusian House of Representatives. Andreichenko said that the resolution will also be sent to Georgian MPs to gain their support.

Last May 1, it was reported that the Belarusian crypto-related decree will be updated to require certain crypto exchanges to provide customer data to the proper authorities. A company must provide info on its management structure, client names, and communication records. The data will reportedly be stored for five years, and KYC requirements will be applied to new customers in some instances.

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