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Adrian Zmudzinski

Belgium Regulates Crypto Services: Compliace With New Rules Required Before September

Crypto Belgium United States

Belgian financial regulator Financial Services and Markets Authority (FSMA) set new requirements for companies the provide services for the users of cryptocurrencies such as Bitcoin (CRYPTO: BTC).

What Happened: A Friday announcement reads that "any legal person established in Belgium that wants to provide exchange services between virtual currencies and legal currencies, or custody wallet services, within Belgium will have to register with the FSMA in advance." Crypto service providers already operating on May 1 need to notify the FSMA of their activity before July 1, and apply for registration with the regulator before Sep. 1, 2022.

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