Belarus is preparing a crypto revolution: copy trading, airdrops, and trust management in a new legal reality
The High-Tech Park (HTP) of Belarus has embarked on a fundamental expansion of local crypto legislation. The focus is on legalizing a range of operations that have remained in a gray area until now. This includes copy trading, asset trust management, and airdrops. These are not just cosmetic amendments but an attempt to create a full-fledged, modern infrastructure for the digital asset market.
For now, these initiatives are at the stage of active discussion, without approved implementation timelines. However, a law on crypto banks will come into force in the near future. This new entity will combine an HTP resident and a traditional bank under the control of the National Bank. This hybrid format will allow certain individuals and companies to conduct foreign economic operations with cryptocurrency completely legally. This is a powerful signal for the entire region.
New Horizons for the Crypto Industry
The HTP emphasizes that the country has already created a comprehensive infrastructure for the legal circulation of cryptocurrencies 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 safe investment methods while minimizing the risks of fraud. All HTP residents are required to warn clients about investment risks.
Let me remind you that Belarus has previously been subject to EU cryptocurrency sanctions. This leaves its mark: cryptocurrency operations for Russians in Belarus may be associated with sanctions pressure. Nevertheless, the development vector itself appears extremely progressive.
My analysis: Belarus is consistently transforming into a crypto hub of Eastern Europe, offering businesses and users clear rules of the game. If airdrops and copy trading gain legal status, this will attract not only local players to the jurisdiction but also international projects seeking a stable and understandable regulatory environment. This could become a serious competitive advantage against the backdrop of tightening regulations in other countries.