Belarus allows investment funds to acquire crypto assets

On February 5, the Belarusian Ministry of Finance announced amendments aimed at attracting investment funds and solicited public comments. The Ministry of Finance noted that although a regulatory framework has been developed for collective investments, to date, no fund has been registered in the country. The Ministry of Finance has drafted a resolution amending its decree on securities market activities related to investment funds. It plans to allow these funds to operate as both a securities dealer and a resident of the Belarusian Hi-Tech Park (HTP). The latter manages a special legal regime designed to boost the country’s digital economy, including the crypto industry.