The High-Tech Park (HTP) of Belarus is actively working on a radical expansion of local cryptocurrency legislation. In the near future, sought-after instruments such as copy trading, trust management, and airdrops may be introduced into the legal framework. This is a significant step that could position the country among the most progressive jurisdictions for digital assets in the post-Soviet space.
Currently, these areas are being developed—no approved norms exist yet. However, it is only a matter of time. A much more concrete initiative is the law on crypto banks, which is about to come into force. The new entity will combine an HTP resident and a traditional bank operating under the supervision of the National Bank. This will open a legal channel for legal entities and individuals to conduct foreign economic transactions with cryptocurrency.
What operations are planned to be legalized
The HTP has confirmed that active work is underway to include copy trading (automatic copying of successful traders' transactions), trust management, and airdrops (free token distributions) in the list of permitted operations. All these activities are still at the discussion stage, without specific implementation timelines. Nevertheless, the very fact of their consideration indicates that Belarusian regulators are closely monitoring global DeFi trends and want to create a legal "greenhouse" environment for them.
A key point that should not be overlooked: Belarus has already formed a comprehensive infrastructure for the legal circulation of cryptocurrencies. It includes separate regulations for legal entities and individuals, as well as existing restrictions. HTP residents are required to warn clients about investment risks, creating an additional layer of protection. Any user can directly contact the HTP to check whether a specific exchange or organization is a resident and whether state benefits and protection apply to it.
It is worth noting that the interests of the state and bona fide market participants here coincide: both sides are interested in expanding legal and safe investment methods while minimizing fraud risks. Belarus is clearly striving to carve out a niche as a "crypto hub," despite external sanctions pressure.
My analysis: The legalization of copy trading and airdrops is not just a nod to trends, but a pragmatic step to attract capital and talent. However, investors from Russia and other countries under sanctions should remember that operations in Belarus may involve additional compliance risks. Nevertheless, for the domestic market and CIS residents not subject to restrictions, this is unequivocally a positive signal that sets a precedent for the entire region.