Tag: Belgium

Belgian Authorities Order Binance to Cease Country Operations – Bloomberg

Belgium’s Financial Services and Markets Authority said that Binance is providing trading and wallet custody services in Belgium from countries that are not members of the European Economic Area, which is prohibited. The agency demanded that Binance “take immediate measure” to return all Belgian clients their cryptographic keys and virtual currencies that Binance holds for their account,” or transfer them…

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Belgium Crypto Ads to Include Warning: “The Only Guarantee in Crypto is Risk” – Bloomberg

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…

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Bitcoin, Ether Needn’t Follow Financial Rules, Belgian Regulator Says

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…

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Head’s Up!!!

When Flemish shareholders of Fortis revolted at a heated meeting in Ghent, Belgium last month by throwing shoes, coins and even ballot boxes at Fortis board members, we were willing to dismiss it as an isolated incident. After today’s egg-throwing developments in Dublin, Ireland, however, we think it is time to declare a new, full-blown Eurotrend: shareholders venting their fury at corporations by throwing things at board members.

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