The High-Tech Park (HTP) of Belarus is preparing a fundamental update to its cryptocurrency legislation. This involves bringing a number of new operations, previously unregulated, into the legal framework. The focus of discussion is on copy trading, asset management, and airdrops. For now, this is only the development of concepts and norms, but the direction of movement is clear: the Belarusian crypto hub aims to become an even more attractive jurisdiction for innovation.
What exactly is changing?
According to information available to me as a market analyst, the HTP is actively working on expanding the list of permitted activities. Key novelties include the legalization of copy trading (the ability to automatically copy trades of successful traders), asset management, and airdrops. Currently, these operations are at the discussion stage, and specific timelines for their implementation have not yet been approved. However, the very fact of such movement indicates the maturity of the Belarusian regulators' approach.
The situation is quite different with crypto banks. This is already a settled matter. A new entity, combining an HTP resident and a classic bank under the supervision of the National Bank, is about to come into effect. This model 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.
Infrastructure and user protection
It is important to emphasize that Belarus has already created a comprehensive infrastructure for the legal circulation of digital assets. It includes separate regulations for legal entities and individuals, as well as existing restrictions. 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. Any user can directly contact the High-Tech Park to check whether a specific exchange or organization is an HTP resident and whether state benefits and protection apply to it.
My expert commentary: This step by Belarus is not just a local update, but a strategic maneuver. By legalizing copy trading and airdrops, the HTP not only attracts retail investors but also creates a legal framework for the operation of DeFi protocols and new marketing strategies. Amid EU sanctions pressure, this could become a powerful catalyst for the flow of capital and talent into the Belarusian jurisdiction, especially from neighboring countries where regulation remains vague or prohibitive.