RAKIB and high technology Park will conclude an agreement on the development of kriptonyte

Russian Association of cryptocurrency and blockchain (RAKIB) and high technologies Park of Belarus intend to jointly develop legislation to promote the development of kryptonyte. It is reported by RIA Novosti.

“Yesterday, in the negotiations with Belarus have agreed on the conclusion of an agreement between RAKIB and high-tech Park. The logic of the agreement is that we are partners in the organization of the industry, the preparation of the legal framework of the Belarusian taking into account the experience and problems of the sector as a whole. RAKIB subsequently will be one of the centres of expertise to attract Russian projects”, — said the President of RAKIB Yuri Pripachkin, noting that the draft agreement is still under development.

Also Pripachkin, expressed the view that the taxation of mining is a fool’s errand.

“Trying to tax mining is the same thing that nalogooblozenie the Internet. The task of the miners — maintaining blockchain network. The fact that they are in support of health earn some awards, in the primary stage as a currency that they create, does not have any economic component, but there isn’t any economic basis in Fiat currencies. They receive a set of mathematical numbers”, — shared his opinion Pripachkin during the Moscow world summit of the blockchain and cryptocurrency.

At the same time, the head of RAKIB allows for the taxation of the process of converting cryptocurrency into Fiat money.

“What tax is, however, unknown. Belarus, for example, said that she nalogooblozheny never will, because she understands that there are artificial benefits for the state, ranging from workplaces of skilled workers that do not leak, and expand”, he added.

Earlier, Russia proposed to hold RAKIB function to regulate the cryptocurrency market.