Belarus opens ICO investments and crypto traders only for educated and wealth

Due to very big potential of ICO scams and failures, Belarusian government decided to limit ICO investments and crypto traders to qualified investors. There are two criteria for investors. They need to have relevant education and work experience or $20,000 minimum annual income, or a $50,000 minimum savings.

Sources close to the National Bank of Belarus said:   

“Belarusian crypto exchanges and ICO issuers have no room for error. The investment system in Belarus is at the stage of formation. If any Belarusian ICO project, which raised money from the citizens fails, it can become a national scandal. People will lose money. Therefore, at the initial stage of development, we propose to limit ourselves [sic] only to qualified investors.”