yes I think you should be able to give it to anyone - sell or trade or give to an alt.
Not a large enough player base to get 3 people to go repeatedly, let alone 3 different races.
the general rank limit will stop privates having it and being overpowered for their rank.
theres no point in these new group areas if theres no player base or interest in doing them
other options are to make it slightly harder and give u the full belt after completion, people don't want to do areas over and over again for a chance at an item