News
OKX’s services in Belgium are offered through an EU-regulated entity as the exchange doesn’t have dedicated regulatory approval in the country.
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Belgium News
The Kingdom of Belgium is a western European country with 30,500 square kilometers of area and a population of more than 11 million people. Belgium has a very productive labor force and developed economy that is highly integrated into the rest of Europe. Belgium has one of the largest GDP per capita, strong scientific work and fintech sector. Belgium has no Bitcoin restrictions. Belgian authorities do not consider Bitcoin to be a threat to the economic stability of the country and therefore it does not require specific regulations. However, Belgium’s Bitcoin exchanges — as any financial institution — work under the regulations of Anti-Money Laundering and Know Your Customer policies. Belgium has Bitcoin taxes, at 33 percent on any cryptocurrency income. Belgian authorities proposed legislation for cryptocurrency transactions control, but Brussels is yet to announce any implementation of it.
- News
The country’s government plans to accelerate the development of a European blockchain infrastructure during its presidency of the Council of the European Union.
5931 - Newsletter
This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium and an oil company in Argentina investing in crypto mining.
5547 - News
In June, Binance was ordered to halt its services in Belgium “with immediate effect,” leading to the exchange redirecting Belgian users to its Binance Poland entity.
7080 - News
In June, Belgium’s financial regulator ordered Binance to stop offering crypto exchange and custody wallet services, citing violations of the country’s AML and CFT requirements.
4980 - News
The regulator said Binance must cease “with immediate effect” all crypto-related services in Belgium after being unable to provide sufficient information on its non-EEA companies.
17502 - News
Bit4You suspended operations on April 26 amid a CoinLoan insolvency investigation by Estonian regulators.
3863 - Follow up
What is the potential impact of MiCA on the EU crypto and blockchain market, and what other regulations can be expected for this rapidly evolving industry?
7067 - News
Crypto ads in Belgium will bear a blunt warning after a new regulation takes effect in May, and “mass” advertising campaigns will be subject to advance FSMA approval.
14747 - News
Members of the European Parliament have been discussing the impact of the failure of Silicon Valley Bank, Signature Bank and Silvergate Bank on markets in their jurisdictions.
20544 - Interview
Christophe De Beukelaer considers his experiment successful, as he raised awareness among the local lawmakers.
5378 - News
The community is hopeful that the assertion by the Commodity Futures Trading Commission will put to bed claims that staked coins are securities according to the Howey Test.
15402 - News
Belgium’s take on what conditions must be met in order for a crypto asset to be classed as a security are in contrast to the views of U.S. Securities Exchange Commission Chairman Gary Gensler.
16913 - Analysis
From taxes and legislation to the local startups and professional associations — all you need to know about blockchain and crypto in Western Europe.
5331 - News
Crypto analytics firm Coincub has released crypto tax rankings, pointing out the worst and the best countries regarding crypto taxation.
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