Belgium: crypto & digital assets regulation

Regulated

Comprehensive crypto-asset regulation under 2025 MiCA-implementing law with FSMA/NBB dual oversight

Key law:: Law of 11 December 2025 implementing Regulation (EU) 2023/1114
Last updated:: 2026-07-12

Belgium has established a comprehensive regulatory framework for crypto-assets, primarily through the Law of 11 December 2025, which transposes EU Regulations 2023/1114 (MiCA) and 2023/1113, and Directive 2024/790 into national legislation. This law designates both the Financial Services and Markets Authority (FSMA) and the National Bank of Belgium (NBB) as competent authorities for oversight.

Key activities, such as offers to the public or admission to trading of crypto-assets (excluding asset-referenced tokens or electronic money tokens), require prior notification of a white paper and related documents to the FSMA. This notification must occur at least 20 working days before publication.

Furthermore, strict advertising obligations are in place for virtual currencies. These rules mandate clear risk warnings, prohibit misleading claims or future value predictions, and require pre-notification to the FSMA for mass media campaigns targeting at least 25,000 consumers.

Who regulates

Financial Services and Markets Authority (FSMA)
Designated competent authority for crypto-assets, responsible for white paper notification procedures and advertising oversight.
^[1][2][3][4]
National Bank of Belgium (NBB)
Designated competent authority for crypto-assets.
^[1]

Core laws & rules

Law of 11 December 2025 implementing Regulation (EU) 2023/1114 (2025)
This national law transposes EU Regulations 2023/1114 (MiCA) and 2023/1113, and Directive 2024/790, establishing the primary regulatory framework for crypto-assets in Belgium.
^[1]
Regulation (EU) 2023/1114 (MiCA) (2023)
The EU Markets in Crypto-Assets Regulation provides the overarching framework for crypto-asset markets, which the national 2025 law transposes into Belgian legislation.
^[1]

Licensing & registration

Offers to the public or admission to trading of crypto-assets (excluding ARTs/EMTs)
Requires prior notification of a white paper and related documents to the FSMA. Timeline: At least 20 working days prior to publication
^[2]

Restrictions & warnings

Advertisements for virtual currencies targeting at least 25,000 consumers must be notified to the FSMA at least ten days prior to dissemination.
^[3]
Strict advertising obligations apply to entities distributing virtual currencies, including mandatory clear risk warnings and prohibition of misleading claims or future value predictions.
^[4]
Offers to the public or admission to trading of crypto-assets (other than asset-referenced tokens or electronic money tokens) require prior notification of a white paper to the FSMA.
^[2]

Direction of travel

Belgium's regulatory landscape for crypto-assets is comprehensive and aligned with EU standards, driven by the recent implementation of the MiCA regulation, indicating a clear and evolving framework for market participants.
^[1][2]

Sources

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This guide is compiled automatically from 4 primary-source documents published by Belgium's regulators, reviewed by RegAlert, and refreshed monthly (last updated 2026-07-12). It is not legal advice — always confirm requirements with the regulator or local counsel before acting.