Regulatory Alerts2025-12-11
Law of 11 December 2025 implementing Regulation (EU) 2023/1114 on markets in crypto-assets and amending various financial regulations
The Belgian Federal Public Service Finance enacted this law on 11 December 2025 to transpose EU Regulations 2023/1114 and 2023/1113, as well as Directive 2024/790, into national legislation. The statute designates the National Bank of Belgium and the Financial Services and Markets Authority as competent authorities with specific supervisory powers over crypto-asset service providers, asset-referenced tokens, and e-money tokens. It establishes detailed cooperation protocols, enforcement mechanisms, and sanctions while amending numerous existing financial sector laws to ensure regulatory alignment.
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