PVT is preparing a revolution: copy trading, airdrops, and trust management in Belarus's new crypto legislation
The High-Tech Park (HTP) of Belarus is actively working on introducing a number of new activities into the local crypto legislation that previously remained outside the legal framework. These include copy trading, trust management of digital assets, and airdrops. This step could radically change the landscape of the Belarusian crypto market, bringing it closer to global standards.
Currently, all these initiatives are at the discussion stage. There are no specific deadlines for adopting regulatory acts yet, which indicates a balanced and cautious approach by the regulator. However, the very fact of raising the issue testifies to the HTP's desire to legalize and institutionalize those operations that have long been actively used worldwide.
What exactly is changing?
The key innovation, which is almost ready for launch, is the institution of a crypto bank. This is a unique hybrid structure that combines an HTP resident and a classic bank under the supervision of the National Bank. The crypto bank will allow certain individuals and legal entities to legally conduct foreign economic operations using cryptocurrency, opening new horizons for international business.
In parallel, the legalization of copy trading — automatic copying of successful traders' transactions — as well as trust management, where a professional manager handles the client's assets, is being discussed. Airdrops, as a method of free token distribution for project promotion, may also receive a clear legal definition. This is especially important given that many international projects avoid conducting airdrops for residents of countries with unclear regulations.
Infrastructure and protection: a balance of interests
The HTP emphasizes that Belarus has already created a comprehensive infrastructure for the legal circulation of cryptocurrency. It includes separate regulation for legal entities and individuals, as well as existing restrictions aimed at protecting retail investors.
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 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: This step by Belarus is not just a belated adaptation to global trends, but a well-thought-out strategy to create an attractive jurisdiction for crypto businesses. However, given the sanctions pressure the country is under, the key issue remains not so much the quality of legislation, but the ability for international players to operate safely and without reputational risks in this jurisdiction. The legalization of copy trading and airdrops could become a powerful magnet, but only if reliable compliance mechanisms and interaction with the global financial system are established.