Belarus, German National Tourist Board announces that there will be a new wave about Bitcoin(BTC), Ethereum(ETH) and other cryptocurrencies. The situation will change a little bit because of the country of Belarus. Belarus will accept the use of Bitcoin and other cryptocurrencies.
German National Tourist Board Accepts Bitcoin and Ethereum
The first declaration of German National Tourist Board (GNTB) was on 5th of March this year. This is regarding the payment with Bitcoin (BTC), Ethereum (ETH) and other cryptocurrencies. This is a evolution of current digital currencies, and also the evolution of the technology. GNTB wants to be an example and a fount of inspiration in the global touristic area. This evolution of the cryptocurrencies is because they are globally and brake the limits concerning their worldwide development. The decentralization of the cryptocurrencies represents also an advantage.
This is a welcome news for cryptocurrency holders who happen to be planning trips to Germany.
Belarus is an example for other countries because it is among the first countries that has legalized all crypto in the country that have to do with the businesses. On the 28th of March this year, it was emitted a Presidential Decree on the ‘Development of a Digital Economy’. This Decree is legalizing ICOs, crypto-mining, smart contracts and crypto-exchanges. This Decree is s a hope for the country to attract the international entrepreneurs and corporates. The condition for users is to register as residents of the Belarus High Technologies Park.
The decree offers tax breaks and incentives for crypto businesses until January 1st, 2023. There will be no tax on any crypto related profits till then for local and international cryptocurrency entities operating in the country.
The future is indeed looking bright for global cryptocurrency adoption with the above two developments. These announcements add to the list of expanding crypto adoption news that is slowly but surely gathering headlines despite the market not being at its best this year.