Regulatory Alerts2023-03-17
FSMA Regulation on Restrictive Conditions for Virtual Currency Distribution to Consumers
The Belgian Financial Services and Markets Authority issued a regulation imposing strict advertising obligations on entities distributing virtual currencies to consumers. The rules mandate clear risk warnings, prohibit misleading claims or future value predictions, and require pre-notification for mass media campaigns. These measures aim to protect investors by ensuring transparent and balanced information regarding the significant risks associated with crypto assets.
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