News
Losses due to crypto scams are on the rise in Belgium.
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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.
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Belgium’s economic inspectorate reported $3.2 million in losses due to cryptocurrency fraud in 2019.
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Major U.K. and Ireland-based auction house Wilsons Auctions is putting $125,000 worth of Bitcoin under the hammer later this month.
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Belgium’s Financial Services and Markets Authority has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity.
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Belgium’s financial watchdog has made an additional update to its blacklist of crypto-related websites associated with fraud.
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French billionaire Bernard Arnault has denied reports that he was involved in a Belgium-based cryptocurrency trading firm.
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A Tel Aviv resident has been arrested and accused of international phishing fraud, using a collection of websites to steal cryptocurrencies.
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Belgium’s Financial Services and Markets Authority updated its crypto-related fraud blacklist to total of 120 websites.
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U.K. and Ireland-based Wilsons Auctions partners with Belgium government to sell $430,000 in cryptocurrencies seized during police operations.
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Belgium’s Financial Services and Markets Authority (FSMA) has updated its crypto-related fraud blacklist to include a new total of 113 sites.
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An 80 percent stake in crypto exchange Bitstamp has been acquired by Belgium-based investment firm NXMH in an “all cash deal.”
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The UK-based industry body RFI Foundation plans to develop a blockchain tool to track firms’ sustainable commitments.
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A subsidiary of Abu Dhabi Ports has launched an international blockchain pilot with the Port of Antwerp.
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Ahead of an informal meeting of E.U. ministers, a report from a Belgian think tank calls for uniform regulations on cryptocurrency exchanges and Initial Coin Offerings across the E.U.
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Belgium’s financial watchdog has added 28 new sites to its crypto-related fraud blacklist, noting that investors continue to fall victim to crypto scams.
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