Belarus plans to permit investment funds to purchase crypto assets.
The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country.Amendments aimed at luring investment funds to Belarus have beenby the Ministry of Finance for public consultations.
To lift the restrictions, the ministry has drafted a resolution amending its own decree on activities in the securities market pertaining to investment funds. It plans to allow the funds to simultaneously operate as securities dealers and residents of the Belarus High-Tech Park . The latter manages a special legal regime established to facilitate the country’s digital economy, including the crypto sector.
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