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Is crypto legal in Belgium?

Cryptocurrency is legal in Belgium, but subject to regulatory restrictions.

Western Europe · BE · 4 of 9 dimensions sourced

Every value below cites the primary government, central bank, financial regulator, or tax authority. How this is sourced →

Belgium crypto policy at a glance

CBDC status
Pilot

Stage of the central bank digital currency programme — research, pilot, or launched.

cbdctracker.org ↗ · as of 2024 · confidence: high
Legal status
Legal, with restrictions

Whether crypto is legal, restricted, or banned for individuals and businesses.

“Virtual currencies such as Bitcoin are not legal tender and are not backed by any central bank. Services relating to virtual currencies may be subject to financial legislation, and providers of such services must comply with the applicable regulatory framework.”
Financial Services and Markets Authority (FSMA) Belgium ↗ · as of 2023-11-01 · confidence: high
VASP licensing
Not yet recorded

Whether the jurisdiction licenses crypto/VASP service providers.

Stablecoin rules
In force

Rules governing stablecoin and e-money-token issuance.

“This Regulation lays down uniform requirements for the offer to the public and admission to trading on a trading platform for crypto-assets... and for the issuance and supervision of asset-referenced tokens and e-money tokens.”
European Parliament and Council of the European Union ↗ · as of 2024-06-30 · confidence: high
Tax treatment
Not yet recorded

How crypto gains are taxed and reported, including OECD CARF participation.

DeFi treatment
Not yet recorded

How decentralized finance (DeFi) is treated by regulators.

NFT classification
Not yet recorded

Whether NFTs are addressed in regulation.

Mining policy
Not yet recorded

Policy toward crypto mining — permitted, restricted, or banned.

Enforcement intensity
Moderate

Intensity of regulatory enforcement actions against crypto firms.

“The FSMA publishes warnings about companies and persons that offer investment services or products without complying with Belgian financial legislation.”
Financial Services and Markets Authority (FSMA) ↗ · as of 2024-10-01 · confidence: high

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