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Comment by imhoguy | Hacker News Reader

So Belarus becomes tax heaven for crypto-currencies, but is it safe heaven? One can transfer money out of Belarus but then one's country tax collector will knock the door. And what if one day Mr Alexander decides to nationalize these companies including foreign currency assets?

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Nothing is safe. A fact, that validity period of HTP's special legal status will be extended until Jan 2049, give us some level of confidence. It won't be that easy to turn around.

But it would be better the government be driven by long-term and wider improvements like overall business law stabilization. This case is narrow short-term opportunity. Anyway I wish you guys good luck!

I agree, but they're making quite good steps now. This document also declares: `Investment according to English Law will be allowed.` The process takes time but Belarus slowly removes borders and getting better. From 2017, residents of 80+ countries (including entire EU and US) were allowed to enter Belarus without a visa for 5 days (subject to be extended even further)

No investor in their mind would believe this. Belarus needs structural reforms first.

Actually, there will be risk takers on top of existing ones.

Belarus is the source of great engineers that created Viber, Juno, MSQRD, WoT to name a few. PVT revenues will reach $1 bln. in 2017. This decree just added more perks to already existing tax privileges.

The system is stable and growing, why kill the cash-cow? IT enterprise is not and oil factory that you can nationalize. Engineers will take the laptop and fly away same day and your seized company will turn into empty building with zero profit. Even dictators understand it.

2049, not 2019.

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