Cryptocurrencies with limited emissions or for investment purposes are subject to the Securities Law. This classification was recommended by the Belgian Financial Services and Markets Authority (FSMA).

The regulator has publicly debated a document explaining when digital assets can be considered investment vehicles. Consultations will run from 5 to 31 July 2022.

The FSMA said it has decided to clarify the issue pending a concerted approach from the EU. According to the regulator, the classification does not apply to bitcoin or Ethereum due to the absence of an issuer and “legal relationships between the two parties”.

“However, if vehicles are used as a payment or barter, different rules may apply to individuals providing vehicles or certain services associated with them,” the document says.

Previously the media reported that ECB He is concerned about the development of cryptocurrency regulation by individual countries before the adoption of common EU rules.

In July, the Council of the European Union and the European Parliament tentatively agreed on the provisions of the draft law on the regulation of cryptocurrencies. Mica. Explains the rules applied to issuers of unsecured cryptoassets, stablecoins, trading and custody platforms.

Recall that representatives of the European Green Party and Socialists suggested that EU anti-money laundering laws be extended to cover the DeFi sector, including NFT platforms.

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