Russia's Gutseriev family opens cryptocurrency exchange in Belarus

Russia's Gutseriev family opens cryptocurrency exchange in Belarus
Russia's Gutseriev family opens cryptocurrency exchange in Belarus
By bne IntelliNews January 18, 2019

Larnabel Ventures, controlled by Said Gutseriev, the son of Russia's oligarch Mikhail Gutseriev, and VP Capital, controlled by Viktor Prokopenya, who has dual Belarusian-Cypriot citizenship, have launched Belarus' first regulated full-featured trade platform for tokenized exchange assets.

The Currency.com project received the first Hi-Tech Park license to offer professional cryptocurrency market services. The license was issued in line with the Digital Economy Development Ordinance.

The Currency.com platform will issue over 10,000 tokenized assets. Every token matches the base market value of conventional financial instruments (securities, indexes, raw materials). Users will be able to buy these tokens using cryptocurrencies (bitcoin or Ethereum) or fiat currencies. Capital.com, an investment company regulated by FCA and CySEC, is the technological partner for Currency.com, BELTA news agency reported on January 15.

According to bne IntelliNews correspondent in Minsk, the project has been launched by Currency Com Bel limited liability company, has been registered as a resident of the Belarusian Hi-Tech Park in December.

"Thanks to the forward-thinking Digital Economy Development Ordinance Belarus is becoming one of the most promising countries with regard to blockchain technologies and a world leader in developing special legislation catering to cryptoindustry," Said Gutseriev said in a statement.

 

Tech

Dismiss