Stable coin is a digital mark (token) working as the unit of calculation on the Finstore.by platform .
Stable coin has a fixed denomination in the corresponding currency (1:1) and guarantees the owner the right to a refund at any time on the Finstore investment platform’s terms. Tokens (digital bonds) are purchased with Stable coins on the Finstore.by platform.
The token's return is determined for each specific emission. “Leasing Expert” currently offers tokens with 25% of return per annum in BYN and 10.1% per annum in USD and EUR.
What is income tax for tokens?
The personal income received from purchased tokens (digital bonds) is not subject to income tax until January 1, 2023, according to “Decree on the Development of Digital Economy” of the President of the Republic of Belarus from January 21, 2017 #8, paragraph 3.1.
How to top up a virtual wallet?
The virtual wallet can be topped up via a bank card or bank transfer:
BelVEB bank card - 0% commission.
Through the card of other banks (Visa only) - 0% commission.
Through BelVEB bank transfer (you should come to the bank branch) - 10 Belarus kopecks.
The individuals and entities as both Belarus residents and non-residents.
Which papers are required to pass verification on the platform?
Government-issued photo ID (passport or residence permit)
Is it possible to withdraw money before tokens’ lifetime expire?
All tokens available on the platform allow early return of investments under the conditions defined by “White paper”. This offer means the company’s obligation to buy back the tokens it has issued.
What are guarantees for return of investments?
Token issuers operate in the jurisdiction of the Republic of Belarus. Belarus legislation provides that the allocated tokens attest to an obligation that must be properly discharged: “The legal entity that created and placed its own token through the resident of the High Technology Park is obliged to satisfy the requirements of the owner of the token, as stipulated during its creation and placement. A token may not be refused on the grounds that there is no cause for the obligation or that it is invalid.”
Sub-paragraph 4.4 of paragraph 4 of “Decree on development of digital economy” of the President of the Republic of Belarus from 21.12.2017 #8.
Is Finstore.by risk-free?
Platforms of this kind are subject to strict requirements for operating rules and information security, compliance with which is subject to regular external audit.
Finstore.by has successfully passed the audit of information systems conducted by the SoftClub company. It showed that the existing software-hardware solution provides the set level of data protection and integrity.
The audit conducted by international company Ernst & Young was also successfully passed to meet the requirements of the High Technology Park for the operators of investment platforms.
Are token issuers screened before release?
Token issuers must comply with the requirements set by the High Technology Park and meet the criteria of the financial and accounting platform (meaning a positive financial performance based on the last reporting year).