The Belarus Hi-Tech Park (HTP) legalizes copy trading and airdrops: a new wave of crypto regulation
The High-Tech Park (HTP) of Belarus is preparing a major update to its cryptocurrency legislation. This involves the introduction of a number of new types of activities that were previously unavailable to residents and users. In particular, the legalization of copy trading, trust management, and airdrops is being actively developed.
New Horizons for the Crypto Industry
Currently, these operations are at the stage of active discussion. There are no specific implementation timelines yet, but the very fact that the regulator is considering such areas indicates significant progress. Copy trading, where a user automatically copies the trades of successful traders, and airdrops — free distribution of tokens — are becoming standard tools in global markets. By introducing them into the legal framework, Belarus aims to keep pace with global trends.
Crypto Banks: The First Step Has Been Taken
A more specific and already resolved innovation is the launch of crypto banks. This is a new format that combines an HTP resident and a traditional bank under the supervision of the National Bank. Such a structure will allow certain individuals and legal entities to legally conduct foreign economic transactions using cryptocurrency. This is an important step towards integrating digital assets into the real economy.
The Interests of the State and Users Align
The HTP emphasizes that a comprehensive infrastructure has been created for the legal circulation of cryptocurrency with separate regulations for legal entities and individuals. The interests of the state and law-abiding users align 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. Whether a particular exchange or organization is an HTP resident can be verified directly with the High-Tech Park.
My comment: The legalization of copy trading and airdrops is a logical step for Belarus, which seeks to carve out a niche as a crypto hub in the region. However, it is important to understand that even within the HTP, operations for Russians may be subject to sanctions pressure. Nevertheless, this is a positive signal for the market, showing that regulation can be not only restrictive but also conducive to development.