Belgium says BTC, ETH and other decentralized coins are not securities

Belgium’s financial regulatory body has confirmed its position that Bitcoin (BTC), Ether (ETH) and other cryptocurrencies that are issued solely by computer code do not constitute securities.

The explanation came from Belgium’s Financial Services and Markets Authority (FSMA) in a Nov. 22 report, a draft of which was opened for comment in Jul. 2022.

The clarification comes following an increase in demands for answers as to how Belgium’s existing financial laws and regulations apply to…

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