RATE Group | Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies
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Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies

07 Oct Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies

Posted at 16:25h in Bitcoin News by

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Here’s How Belarus Pressures Russia to Legalize Cryptocurrencies

Relations between Belarus and Russia have always been quite complicated. The union the two close allies created has faced all kinds of challenges over its 20 plus years of existence. Now cryptocurrency is becoming a new apple of discord, as Minsk has taken a relatively friendly approach to regulating decentralized assets, while some in Moscow want them banned.

Also read: Liechtenstein Adopts Token Act to Attract Crypto Business

Arm-Twisting Between Close Allies

The two former Soviet republics decided to reintegrate just a few years after the dissolution of the USSR. The Commonwealth of Belarus and Russia was created in the spring of 1996 and the bond between them was strengthened further with the signing of the “Treaty on the Union Between Belarus and Russia” the following year.

Then the “Treaty on the Creation of the Union State of Russia and Belarus,” aimed at establishing a federative entity similar to the Soviet Union, was signed on Dec. 8, 1999….

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