Opinion: Belarus may become “IT Hong Kong” of Eastern Europe
Belarus may become an “IT Hong Kong” of Eastern Europe thanks to new legislation, founder of the investment company VP Capital Viktor Prokopenya said as he spoke at the meeting of the Central European Initiative in Minsk on 28 November.
Viktor Prokopenya commented on the upcoming changes in the Belarusian IT legislation. According to the investor, the major goal is “to make Belarus an IT Hong Kong of Eastern Europe”. There is every necessary condition for this, including the innovative potential of the country's development, its favorable geographical position. The businessman is confident that if the new legislation is approved, Belarus will become the world's first country with the normative base regulating blockchain applications: cryptocurrency exchanges, smart contracts and many more. Apart from that, the amendments to the legislation envisage measures to ensure more freedom for the movement of capital and workforce, including simplified visa rules for foreign IT specialists. Viktor Prokopenya is confident that “Belarus is closer than ever to becoming an “IT Hong Kong” in the Slavic world.”