The High-Tech Park (HTP) of Belarus is actively working to expand the list of permitted cryptocurrency operations. In the near future, popular activities such as copy trading, trust management of assets, and airdrops may be included in the legislation. This is a significant step that moves the Belarusian jurisdiction from the category of "semi-closed" to one of potentially attractive hubs for crypto startups.
Which operations are planned to be introduced
Currently, the focus is on developing the regulatory framework — no adopted norms for these areas exist yet. Among the discussed innovations are copy trading (automatic copying of successful traders' transactions), trust management, and airdrops (free distribution of tokens). All these instruments are still at the discussion stage, with no specific implementation timelines.
Key point: Separately, and in the very near future, the law on crypto banks comes into force. This is a fundamentally new entity for the country, combining an HTP resident and a classic bank under the control of the National Bank. Such a hybrid structure will allow certain individuals and companies to legally conduct foreign economic operations using cryptocurrency, which was previously practically unavailable.
Infrastructure and user protection
Belarus has already created a comprehensive infrastructure for the legal circulation of cryptocurrencies. It includes separate regulation for legal entities and individuals, as well as existing restrictions. It is important to emphasize: 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 risk of fraud.
All HTP residents are required to warn clients about investment risks. Users can check whether a particular exchange or organization is an HTP resident and whether it is covered by benefits and state protection by contacting the High-Tech Park directly.
My analysis: Belarus is consistently moving towards creating one of the most progressive jurisdictions in the post-Soviet space. The legalization of copy trading and airdrops is not just a formality, but a signal to the global market. However, one should remember the sanctions pressure: cryptocurrency operations for Russians in Belarus may involve additional risks. Nevertheless, the development vector itself looks extremely promising for those seeking a regulated "haven" in the region.