The first step to classifying a digital asset, as laid out by the FSMA, is determining if they are "incorporated into an instrument" or if they are fungible or exchangeable.
The conditions went into force last May 1 and bind any legal person in Belgium that provides exchange services on digital currencies, legal currencies, or custody wallet services.
The BSV blockchain's association has appointed three new BSV Ambassadors - Niels van den Bergh, Filip Mariën and Bart Olivares for the Netherlands, Belgium and Spain.
Belgian authorities have warned against the rise of cryptocurrency frauds on Tinder, which have seen victims lose out financially in their pursuit for love.
As more industries continue to adopt blockchain and cryptos, authorities are striving to keep up with Belgium, Germany, Japan and more making moves this week.
Belgium’s financial markets regulator has called on the gov’t to regulate the crypto industry, claiming that the market is growing quite fast and needs policing.
Authorities in Belgium, France and Israel have arrested ten people accused of orchestrating a cryptocurrency pyramid scheme that cost investors $6.6 million.
While not outright accusing these companies of wrongdoing, the Belgian Financial Services Markets Authority says there is a reason to be concerned.
The luxury brand denies reports that they will allow customers to trade in crypto, but is going ahead with blockchain plans.
The list now stands at 120 cryptocurrency companies to avoid, with the Financial Services and Markets Authority taking steps to publicize its recommendations to steer clear of those operators.
In what looks set to become a global first, the auction house is preparing to put the crypto up for public sale later this month.