On February 5, the Ministry of Finance of Belarus 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.