Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers
๐ฃ #Belgium Introduces Registration for #CryptoExchange and #Wallet Service Providers
๐ Authorities in Belgium have obliged providers of some #crypto exchange and wallet services to register with the countryโs financial watchdog.
๐ Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their respective activities.
๐ The #FSMA notes that by exchange service providers it means entities carrying out purchase or sale transactions using own capital.
๐ Platforms that serve as intermediaries in transactions between a client and a third party are not targeted with the new rules.
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