[Whackbat]

Many of the bold claims in this document are completely unsubstantiated.

Question 7: How does the Law regulate Blockchain and cryptocurrencies? It can't. The principle argument that deals will be safe because the HTP residents are 'trusted and respectable companies' is naive and invalidates the fundamentally trustless model of blockchains.

Question 8: How is the mining activity of individuals regulated? Won't they launder funds through Belarus? Money laundering happens every day with fiat currency, and with cryptocurrencies this is even easier. Exchanging currencies across both blockchains and boarders introduces innumerable difficulties for detection of money laundering.

[drvdevd]

The more blockchain regulation I see, the more I have to question the technical competence of regulators or the actual policy and implementation goals they have in mind.

Do they have technologists telling them, “yes we can track this.” Or do they not actually care about what they claim to, eg: money laundering...?