The Belarusian High-Tech Park (HTP) is on the verge of a significant expansion of its cryptocurrency legislation. The focus of discussion is on legalizing popular operations such as copy trading, trust management of assets, and airdrops. For now, this involves developing the regulatory framework, but the direction itself is extremely indicative for the entire market.
The key innovation, which is almost ready for launch, will be the institution of a crypto bank. This hybrid structure, combining an HTP resident and a traditional bank under the supervision of the National Bank, will open a legal channel for legal entities and individuals to conduct foreign economic transactions with cryptocurrency. This represents a fundamentally new level of integration of digital assets into the real economy.
Which operations are being legalized
Currently, there is active discussion about bringing copy trading—automatic copying of successful traders' deals—as well as trust management mechanisms and token distributions (airdrops) into the legal framework. For users, this means the emergence of legal and state-protected tools that were previously in the "gray" zone. The HTP emphasizes that the interests of the state and law-abiding investors coincide: both sides are interested in expanding safe investment methods while minimizing fraud risks.
It is important to note that Belarus has already created a comprehensive infrastructure for the legal circulation of cryptocurrencies with differentiated regulation for legal entities and individuals. HTP residents are required to warn clients about investment risks, and users can directly contact the Park to verify the status of a particular organization.
My analysis: This step by Belarus is not just a local update but a strategic maneuver. By legalizing copy trading and airdrops, the HTP aims to attract not only capital but also technological talent to its territory, creating a full-fledged hub. However, it is worth remembering the sanctions pressure on the region, which could significantly limit opportunities for international operations, especially for citizens of the Russian Federation. Nevertheless, for the domestic market and CIS countries, this sets a precedent for progressive and safe regulation.