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Belarus’ Newest Tokenized Securities Exchange Accepts Bitcoin and Ethereum

Last Updated March 4, 2021 2:51 PM
Habiba Tahir
Last Updated March 4, 2021 2:51 PM

Currency.com, allegedly world’s first regulated tokenized securities exchange, has officially launched. It will allow users to purchase traditional assets with cryptocurrencies such as Bitcoin and Ethereum. When that is said, Dx.exchange was launched on January 7th offering much of the same services as Currency.com.

The exchange is offering 50 Euros to the first 2,500 people on its waiting list. The High Technology Park of Belarus, an economic area where registered companies enjoy flexible taxes, will supervise the exchange.

When asked whether users will be able to trade with Ripple, the exchange suggested that it might happen in the future.

Currency.com was launched by venture capital firms VP Capital and Larnabel Ventures. Viktor Prokopenya, tech entrepreneur and founder of VP Capital, said that this is the world’s first platform where crypto enthusiasts can diversify their investment portfolio.

Belarus Turns Tax-Free for Crypto Companies

Belarus presents a crypto friendly atmosphere for blockchain and crypto companies. In December 2017, the Belarusian government approved Bitcoin as a legal currency and legalized ICOs and smart contracts. The government also agreed to refrain from taxing crypto mining, crypto trading, and ICOs until 2023.

Prokopenya said that Belarusian crypto regulations were in the same league as international crypto regulations.

We believe that this project will allow Belarusian companies to attract additional funding both domestically and externally. Because at the moment the stock market of Belarus is far from the state in which it should be.

Currency.com’s white paper states that over 150 assets will be available at launch. In the future, users will be able to invest in more than 10,000 assets from various companies such as Microsoft, Twitter, Tesla, Ford, HP, JP Morgan Chase, and American Express.

Ivan Gowen, Currency.com’s co-founder and CEO, said that this platform would allow users to trade with cryptocurrencies without converting them into fiat money. The exchange plans to launch an updated version of its mobile app which will be able to accept cryptocurrency payments in the third quarter of this year.

Even though crypto regulations were introduced over a year ago in Belarus, Currency.com is the first recorded crypto exchange in the country.