The High-Tech Park of Belarus is actively working on introducing fundamentally new types of activities into the local crypto legislation. These include tools such as copy trading, trust management of assets, and airdrops. These operations, which have long become standard in global markets, have so far remained outside the legal framework for Belarusian users and residents of the HTP.
Currently, the stage of active development is underway — there are no approved norms for these areas yet. However, a law on crypto banks will come into force in the near future. This is a fundamentally new entity that combines the functionality of an HTP resident and a classic bank under the supervision of the National Bank. Such a hybrid structure will allow certain individuals and companies to legally conduct foreign economic transactions with cryptocurrency.
Which operations are planned to be legalized
Among the discussed innovations are copy trading, which allows a user to automatically copy the trades of a successful trader, as well as trust management, where a professional manages the client's funds. Airdrops — a mechanism for free distribution of tokens, which is a powerful marketing tool for new projects — should be highlighted separately. So far, none of these tools have clear regulation, but work on their implementation is in full swing.
Infrastructure and user protection
Belarus has already created a comprehensive infrastructure for the legal circulation of cryptocurrency, including separate regulation for legal entities and individuals. As emphasized by the HTP, the interests of the state and law-abiding users coincide here: both sides are interested in expanding safe investment methods while minimizing the risks of fraud. All Park residents are required to warn clients about investment risks, and users 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.
Commentary from Cryptalist analyst: The legalization of copy trading and airdrops is a logical step for Belarus, which is striving to carve out a niche as a crypto hub in the region. However, the key question is how flexible the regulation will be. If the HTP can create an environment attractive to international projects without overburdening them with bureaucracy, the country has every chance of becoming an alternative for businesses moving away from sanctions pressure.