Currency.com, a global exchange, has announced that it will be offering a tokenized form of government bonds issued by Belarus. Users will be able to trade these bonds using fiat, Bitcoin or Ether.
As is the typical case with other digital assets based on blockchain, buyers can choose to purchase fractions of these tokens, as they will go on sale for a starting price of USD 1,000 each. Each token will represent a single bond with an annual yield of 4.2% attached to it. The government of Belarus will issue an initial 252 bonds.
Currency.com co-founder Viktor Prokopenya revealed that it was a specific piece of Belarussian legislation in 2018, Decree No 8, which helped to provide clear guidelines for the blockchain industry. Prokopenya stated:
“All this was made possible by the progressive Decree No. 8 ‘On the Development of a Digital Economy’ that was ratified in Belarus in 2018, affirming the country’s commitment to playing a big role in the next chapter of the technological revolution.”
Belarus has quietly been making inroads into blockchain adoption and legislation, completing its legislation in December 2018. Belarus is one of a group of central European nations seekng to promote itself as a cryptocurrency hub with its Minister of Communications Sergey Popkov insisting that emerging technologies such as blockchain and cryptocurrency is a governmental priority.
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