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© Reuters. Investing.com – Bitcoin and other major digital coin prices slid Thursday in Asia after trading slightly higher on the day after news that Belarus is allowing traders to use cryptocurrencies to buy real assets, including actions and gold.
slipped 0.06% to $ 3,591.5 for 1:25 AM ET (06: 25GMT).
rose 0.3% to $ 120.86, slipped 0.4% to $ 0.32400 and also traded 0.4% down to $ 30.891.
Belarus has launched a platform on which traders can buy shares, gold and other traditional assets with cryptocurrencies, according to a Reuters report.
"This is the first platform in the world where cryptor investors will be able to diversify their investments in real assets," VP Capital owner Viktor Prokopenya told Reuters in an interview. VP Capital took part in the launch of this platform.
To do so, the traders of the former Soviet republic use cryptocurrencies to buy tokens that track the value of real resources both at home and abroad. Currently, there are 150 types of tokens that correspond to traditional financial instruments like gold, oil, metals and even shares of Apple Inc (NASDAQ :).
The platform should release 10,000 tokens.
To show its support, the Belarusian government will not impose taxes on such transactions until 2023. Previously, it passed a cryptocurrency law, hoping that they could help the Belarusian companies to attract foreign capital.
Belarus is another small nation that has announced that it will support the use of cryptocurrencies this week. It is said that the Marshall Islands guide the development of a national cryptocurrency.
Last year, Venezuela also issued a petroleum-based Petro currency in hopes of lifting the country from hyperinflation.
However, Japan, Denmark and Bulgaria have all announced intentions to regulate crypto trade more closely this week, in line with a commitment announced by the leaders of the G20 group of nations to their summit in Buenos Aires last month.
In other news, oil giants gallon (NYSE 🙂 and Total announced they have joined the Vakt blockchain-based platform. Supporters of cryptography hope that the disclosure of blockchain technology will lead to a broader consensus and use of cryptocurrencies.
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