/Belarus Considers Digital Economy a Top Priority, Develops Resolution For OSCE PA session in Berlin

Belarus Considers Digital Economy a Top Priority, Develops Resolution For OSCE PA session in Berlin

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Belarus is preparing a resolution on the development of the digital economy for the OSCE PA session in Berlin, Chairman of the House of Representatives Vladimir Andreichenko said as he met with Ambassador Extraordinary and Plenipotentiary of Georgia to Belarus Valeri Kvaratskhelia on the occasion of the start of his diplomatic mission, BelTA has learned.

Speaking at the Eurasian Digital Forum, the Minister of Telecommunications and Informatization Sergey Popkov said 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 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.”

In a separate statement, Chairman of the House of Representatives Vladimir Andreichenko 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 National Bank of the Republic of Belarus (NBRB) is considering strict requirements for investing in Initial Coin Offerings (ICOs), and is planning to introduce а similar regulatory framework for crypto exchanges. ICO investments will be closed to authorized investors, who must fulfill two of four strict criteria in order to qualify.

Vladimir Andreichenko stated that this resolution will be sent to Georgian MPs to gain their support. The speaker noted that the Belarusian delegation attended the 25th session of the OSCE Parliamentary Assembly in Tbilisi (Georgia). In turn, the delegation of Georgia worked actively during the OSCE PA session in Minsk in 2017. In general, Belarus and Georgia cooperate very actively and fruitfully in international organizations, including the United Nations, the Universal Postal Union, Vladimir Andreichenko added.