Belgium’s financial regulator is requiring virtual currency firms to add a punchy disclaimer to their advertisements: “The only guarantee in crypto is risk.” The move is part of a crackdown by the Financial Services and Markets Authority, which was given the power to regulate the industry’s marketing. Firms will also be required to lay out risks and conditions, and will be forbidden to promise future returns.
Source: Belgium Crypto Ads to Include Warning: “The Only Guarantee in Crypto is Risk” – Bloomberg
