Belarus is preparing a crypto revolution: copy trading, airdrops, and crypto banks in the new edition of the HTP legislation
The High-Tech Park (HTP) of Belarus has announced a large-scale modernization of cryptocurrency legislation. The focus is on legalizing such sought-after but currently unregulated operations as copy trading, trust management of assets, and airdrops. This is not about formal amendments, but a fundamental expansion of the list of permitted activities for HTP residents.
At the moment, all initiatives are at the stage of active discussion. Specific implementation timelines have not yet been approved, which is quite expected for such a complex and multi-layered process. However, the direction of movement is absolutely clear: Belarus aims to create the most flexible and modern legal environment for the crypto industry, attracting both institutional and retail players.
Key Novelties: From Copying Trades to Free Tokens
Among the most significant innovations are the official recognition of copy trading, where a user can automatically copy the trades of successful traders, and trust management of digital assets. Airdrops—a mechanism for free distribution of tokens, which is a powerful marketing and user acquisition tool for crypto projects—should be highlighted separately. Legalizing these operations creates a transparent and safe alternative to the gray schemes that currently thrive outside the legal framework.
However, the closest and almost resolved innovation is the launch of crypto banks. The new entity will combine the status of an HTP resident and a classic bank under the supervision of the National Bank. This will allow certain categories of individuals and legal entities to conduct foreign economic operations with cryptocurrency completely legally, opening up enormous opportunities for international business and cross-border transfers.
Infrastructure and Protection: A Balance of Interests
Notably, the HTP emphasizes that the interests of the state and law-abiding users coincide here. Both sides are interested in expanding legal and safe investment methods while minimizing the risks of fraud. All HTP residents are required to warn clients about investment risks, and anyone can directly contact the Park to check whether a specific exchange or organization is an HTP resident and whether state benefits and protection apply to it.
Analyst Comment: Belarus is consistently moving towards the status of one of the most progressive crypto jurisdictions in the post-Soviet space. The legalization of copy trading and airdrops is not just technical fixes, but a signal to the market: the country is ready to support innovation, not fight it. However, the success of this initiative will directly depend on the speed of implementation and the HTP's ability to effectively regulate new types of activities without creating excessive bureaucratic barriers.