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.
Losses due to crypto scams are on the rise in Belgium.
Belgian investors lost $12M to crypto and forex scams last year
Belgium’s economic inspectorate reported $3.2 million in losses due to cryptocurrency fraud in 2019.
Belgium Losing $3.2M to Crypto Fraud in 2019 Is ‘Tip of the Iceberg’
Major U.K. and Ireland-based auction house Wilsons Auctions is putting $125,000 worth of Bitcoin under the hammer later this month.
Belgian Gov’t Will Sell $125K of Seized Bitcoin in Irish Public Auction
Belgium’s Financial Services and Markets Authority has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity.
Belgian Regulator Adds New Crypto-Related Businesses to Its Blacklist
Belgium’s financial watchdog has made an additional update to its blacklist of crypto-related websites associated with fraud.
Belgian Regulator Blacklists Another 9 Crypto Websites Suspected of Fraud
French billionaire Bernard Arnault has denied reports that he was involved in a Belgium-based cryptocurrency trading firm.
World's 3rd Richest Man Denies Involvement in Belgian Crypto Firm
A Tel Aviv resident has been arrested and accused of international phishing fraud, using a collection of websites to steal cryptocurrencies.
Israeli Citizen Accused of Stealing Over $1.7 Million in Crypto