{"id":64027,"date":"2022-07-06T17:07:07","date_gmt":"2022-07-06T14:07:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64027"},"modified":"2025-09-06T12:06:58","modified_gmt":"2025-09-06T09:06:58","slug":"belgium-proposes-treating-cryptocurrencies-as-securities","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/belgium-proposes-treating-cryptocurrencies-as-securities\/","title":{"rendered":"Belgium proposes treating cryptocurrencies as securities"},"content":{"rendered":"<p>Cryptocurrencies whose issuance is limited or that pursue an investment objective fall under the Securities Act. Such a classification<a href=\"https:\/\/www.fsma.be\/sites\/default\/files\/media\/files\/2022-07\/2022_communication_crypto_en_consult.pdf\"> \u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0438\u043b\u043e<\/a> the Belgian Financial Services and Markets Authority (FSMA).<\/p>\n<p>The regulator has issued for public consultation a document clarifying when digital assets may be considered investment instruments. The consultation runs from 5 to 31 July 2022.<\/p>\n<p>FSMA said it had decided to bring clarity to this issue in anticipation of a coordinated EU approach. In the regulator&#8217;s view, the classification does not apply to Bitcoin or Ethereum due to the absence of an issuer and \u201cthe legal relationship between the two parties.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNevertheless, if the instruments are used as a means of payment or exchange, other rules may apply to the instruments or to the persons providing certain services related to them,\u201d the document states.<\/p>\n<\/blockquote>\n<p>Earlier reports indicated that <span data-descr=\"European Central Bank\" class=\"old_tooltip\">ECB<\/span> was concerned about the development of crypto regulation by individual countries ahead of EU-wide rules.<\/p>\n<p>In July, the Council of the European Union and the European Parliament preliminarily <a href=\"https:\/\/forklog.com\/en\/news\/europe-reaches-agreement-on-sweeping-crypto-regulation\">agreed on the provisions of the cryptocurrency regulation bill<\/a> <span data-descr=\"markets in crypto assets\" class=\"old_tooltip\">MiCA<\/span>. It outlines the rules applicable to issuers of unbacked crypto assets, stablecoins, trading and custody platforms.<\/p>\n<p>As noted, representatives of the European Green and Socialist parties <a href=\"https:\/\/forklog.com\/en\/news\/eu-proposes-extending-aml-standards-to-nft-platforms\">\u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0438\u043b\u0438 \u0440\u0430\u0441\u043f\u0440\u043e\u0441\u0442\u0440\u0430\u043d\u0438\u0442\u044c<\/a> EU anti-money-laundering laws to the DeFi sector, including NFT platforms.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrencies whose issuance is limited or that pursue an investment objective fall under the Securities Act. Such a classification was proposed by the Belgian Financial Services and Markets Authority (FSMA).<\/p>\n","protected":false},"author":1,"featured_media":64028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[217,36],"class_list":["post-64027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-belgium","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64027"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64027\/revisions"}],"predecessor-version":[{"id":64029,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64027\/revisions\/64029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/64028"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}