Connect with us

Hi, what are you looking for?

Technology

Belgium regulates the crypto market

Belgium’s Financial Services and Markets Authority (FSMA) required all crypto-exchanges and custodial wallet services in the region to register with the agency beginning today, AMBCrypto reported.

The FSMA added that: “Providers already operating on 1 May 2022 must notify the FSMA of the exercise of their activity before 1 July 2022 and apply for registration before 1 September 2022.”

Despite some industry concerns, many see the rule as necessary for ensuring the growth and stability of the crypto sector in Belgium, the website said, because it is important for regulators to provide clarity and guidance on how crypto businesses operate.

A recent report showed that almost 2.5% of Belgium’s population holds crypto.

Featured

Bitcoin Mining

Despite a $72 million rescue offer from creditors, concerns have been raised about the general viability of the Bitcoin trading community amid a protracted...

Altcoin

Ripple is attempting an upside break above the $0.365 resistance zone against the US Dollar. XRP price could fail to gain pace if it...

Bitcoin

Bitcoin price is facing resistance near $17,000. BTC could start another decline unless there is a strong move above the $17,000 resistance zone. Bitcoin...

Ethereum

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move...