Cryptocurrencies without an issuer such as bitcoin (BTC) and ether (ETH) are not securities, Belgium’s Financial Services and Markets Authority said Thursday.
The regulator said it was getting an increasing number of questions about the regulatory treatment of crypto and hoped to address the most frequently occurring gray areas, including when digital assets can be classified as securities.
In jurisdictions such as the U.S., squabbles over when crypto is a security have led to court proceedings, with the Securities and Exchange Commission saying Ripple Labs should have registered its cryptocurrency XRP.
Source: Bitcoin, Ether Needn’t Follow Financial Rules, Belgian Regulator Says
