Belarus became the first jurisdiction in the world with comprehensive legal regulation of businesses based on blockchain technology after the President of the Republic of Belarus signed Decree No. 8 “On the development of the digital economy” on 21.12.2017. The document created legal conditions for the implementation of such activities as the activities of crypto platform operator, cryptocurrency exchange operator, ICO organizer, and for carrying out and/or executing transactions through smart contract and determined the cryptocurrency circulation procedure.
Regulation of the crypto platform operator’s activity is carried out by the Hi-Tech Park. Residents of the Hi-Tech Park must meet the criteria and comply with the requirements imposed on residents and their activities by the Hi-Tech Park. See more information about the criteria and requirements on the website of the Hi-Tech Park.
Since 01.04.2020, Free2ex (Pixel Internet LLC) has been a resident of the Hi-Tech Park.
Before obtaining a status of the resident of the Hi-Tech Park, Free2ex (Pixel Internet LLC) was subject to a technical audit and an audit in accordance with the requirements of the Hi-Tech Park regulator - one of the representatives of the Big Four.