Belarus is preparing a breakthrough: copy trading, airdrops, and crypto banks in the new version of the law
The High-Tech Park (HTP) of Belarus has announced a large-scale update to its cryptocurrency legislation. This involves the introduction of a number of new types of activities that were previously unavailable to market participants. Among the key innovations are the legalization of copy trading, trust management of digital assets, and airdrops.
What will the new law include?
Currently, all these initiatives are at the stage of active development. The final norms have not yet been adopted, but the direction of movement is already clear. The HTP aims to create a flexible and modern legal environment that will allow park residents to offer users tools that have long become standard in global crypto markets.
Copy trading is the ability to automatically copy the trades of successful traders. Trust management involves transferring assets to a professional manager. Airdrops are free distributions of tokens to promote projects. All these operations are currently in a "gray" zone, and their legalization is a powerful signal for investors and startups.
Crypto Bank: the first step has already been taken
The project closest to implementation is the creation of a crypto bank. This is a completely new entity, combining an HTP resident and a classic bank under the supervision of the National Bank. Such a structure will be able to legally conduct foreign economic operations with cryptocurrency for individuals and legal entities. Essentially, this is a bridge between the fiat and digital economies, which will open up new opportunities for international settlements.
Infrastructure and user protection
Belarus has already formed a comprehensive infrastructure for the legal circulation of cryptocurrencies. It includes separate regulation for legal entities and individuals, as well as existing restrictions aimed at minimizing risks. It is important to note that the interests of the state and law-abiding users coincide here: both sides are interested in expanding legal and safe ways of investing.
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 state benefits and protection apply to it by contacting the High-Tech Park directly.
My analysis: This step by Belarus is not just a local innovation, but a strategic maneuver. By legalizing copy trading and airdrops, the country is trying to attract talented developers and capital, especially against the backdrop of tightening sanctions pressure. However, it is worth remembering that cryptocurrency operations for Russians in Belarus may be associated with additional sanctions risks. Nevertheless, this is one of the most progressive jurisdictions in the post-Soviet space, and its reforms should be closely monitored.