Belarus wants to cooperate with South Korea to develop blockchain startups and DLT technology It will open the door for international investors from South Korea to raise funds for the development of blockchain technology, artificial intelligence and other innovative technologies.
According to the South Korean news publication JoongAng Daily, Deputy Foreign Minister of Belarus Andrei Dapkiunas called on investors from South Korea to invest in the country's regulated IT and blockchain sectors. Speaking at a conference in Seoul aimed at developing bilateral relations between the two countries, Dapkiunas noted that Belarus has introduced appropriate changes to laws aimed at developing the crypto and distributed ledger industries.
“We have introduced relevant legislation regarding the IT sector and are taking measures to develop blockchain technology, cryptocurrency startups and software production.”
The official also noted that Belarus has made significant investments into its information technology ecosystem, creating several technology centers, such as the “High-Tech Park,” which houses the research and development center of the Korean company SK Hynix Inc.
Given that there are friendly relations between the countries, this will help them jointly develop the field of artificial intelligence, robotics and other data transfer technologies, and be ready to meet the fourth industrial revolution, says Dapkyunas.
As part of cooperation, Korea supplies to Belarus electronics, cars and construction materials, and Belarus, in turn, exports semiconductors, lasers and optical devices to South Korea.
As previously reported by BTCManager, in July 2017, an information network on the blockchain was created in Belarus, which allowed its financial institutions to exchange information and verify data in real time. In addition, the government of Belarus provides a reliable framework for all cryptocurrency trading, digital asset exchange and blockchain technology transactions in the country, making Belarus one of the few countries that have a fully regulated crypto environment.
According to btcmanager.com
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