New National Cryptocurrency Taler Presented in Belarus

Published on 01 Jan. 2018
Ruble 1927650 1920

At the end of the year, Belarus distinguished itself by several significant events that attracted the attention of the cryptocurrency community. The president of Belarus signed a decree “On Development of Digital Economics,” where a considerable paragraph was devoted to cryptocurrency and blockchain technology. Namely, the document has no limitations or specific requirements to the operations with tokens and mining.

Also, at the end of the year, the developers of the Belarusian cryptocurrency Taler Denis Lavinkevich and Serhei Lavrynenko presented their creation to the public. They revealed its conception and their vision on the press conference that took place on the 29th of December.

The developers emphasized that cryptotaler was not created as an alternative to the state currency but rather an economic instrument that could be used in different businesses.

In practice, a newborn cryptocurrency has been functioning from autumn – the first transaction between the creators’ wallets was fulfilled on September, 13:

We’ve created the first entirely independent cryptocurrency in Belarus. Taler is based on the blockchain technology, so it doesn’t have a single emission center or centralized government.

Like any other cryptocurrency, Taler has its emission limit, and no one can “print more money,” so it is not liable to inflation. For instance, there can be only 23.3 mln of Talers, stated developers.

The creators of the new cryptocurrency promise that Taler will soon appear in the listings of the world and Belarusian (they will quickly emerge because of the signed decree) cryptocurrency exchanges:

In January, we will enter the first international exchanges. Besides this, our team takes part in the development of one Belarusian exchange.

According to Denis Lavinkevich, the overall capitalization of the already mined Talers exceeds one million dollars, and the rate has grown from 1 cent to 1 dollar during the past several weeks.

The creators of cryptotaler mentioned that their project is not commercial They are ready to distribute cryptocurrency for free to the companies that will want to use it in some way, after the normative base of the law “On Development of Digital Economics” is set. At the moment, developers cooperate with the Internet-hypermarket and several other companies.

We will give Talers into circulation for free. It is essential that businesses provided their inflow and outflow, said one of the cryptocurrency developers.


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