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Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud

Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room FraudThe Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and cryptocurrency scams. Nearly half of the 1,332 consumer reports received in the first half of 2024 pertained to these scams, reflecting a 44% increase from the same […]

From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply

Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules ImplyThe financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers From Misleading Crypto Advertisements Belgium’s Financial Services and Markets Authority […]

From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator ClarifiesCryptocurrencies like bitcoin and ether cannot be classified as securities or investment instruments, according to a communication issued by the financial watchdog in Belgium. The authority has tried to clarify the matter, noting that the digital coins may be subject to other regulations. FSMA: Securities Laws Do Not Apply to Bitcoin and Other Decentralized Cryptocurrencies […]

From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers

Belgium Introduces Registration for Crypto Exchange and Wallet Service ProvidersAuthorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their respective activities. Financial Regulator Imposes Mandatory Registration for Crypto Exchange Service Providers in […]

From Code to $100K: Why Bitcoin’s Milestone Matters to Economics