Bitcoin and Ether Are Not Securities, Says Belgium’s Financial Regulatory Agency FSMA

Bitcoin and Ether Are Not Securities, Says Belgium’s Financial Regulatory Agency FSMA

Belgium’s financial regulator, the Financial Services and Markets Authority (FSMA), has clarified its position on the status of cryptocurrencies like Bitcoin and Ether, stating that crypto assets without an issuer are issued solely by computer code, do not constitute securities. The Belgian government’s position is that cryptocurrencies are more similar…