Belarus has officially introduced cryptocurrency accounting standards, according to a March 6 document by the Ministry of Finance, local news outlet Jourtify reported yesterday, March 25.
Last December, Belarusian President Alexander Lukashenko signed the “Digital Economy Growth” bill, which supports Blockchain and cryptocurrency development. The bill aims to streamline and remove bureaucracy that could prevent Blockchain innovation, a goal the cryptocurrency accounting standards fall in line with due to their clearer accounting instructions for crypto users.
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