The Belgian regulator has tightened supervision of the crypto

03.05.2022 09:53
by Nina Petrov
1 min read

The Belgian regulator has tightened supervision of the crypto

The Belgian Financial Services and Markets Authority (FSMA) has introduced mandatory registration of cryptocurrency exchanges and custodial wallet operators.

The regulator notes that the new regulation is introduced in order to provide clarity in the regulation of the cryptocurrency industry. Unregistered companies face fines and “more severe legal consequences”.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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