Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers
Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their respective activities. Financial Regulator Imposes Mandatory Registration for Crypto Exchange Service Providers in Belgium Starting from May 1, 2022, any legal entities established and operating in Belgium that want to provide exchange services between “virtual currencies and legal....
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Crypto service providers must fulfill seven conditions that include being constituted in the form of a company with a minimum capital of roughly $52,725 (EUR 50,000). A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial wallet services in the region to register within a sharp deadline.Starting tomorrow, May 1, legal individuals and entities that wish to provide crypto exchange services or custodial wallets in Belgium will have to register in advance, according to the information....
Coinbase has expanded its European presence to an additional five countries following the launch of its services in the region early last month. The move allows consumers in Denmark, Ireland, Poland, Sweden and Switzerland to buy and sell up to €500 in bitcoin through Coinbase. The US-based bitcoin services provider initially rolled out services to Italy, Spain, France, Belgium, the Netherlands, Austria, Cyprus, Finland, Greece, Latvia, Malta, Portugal and Slovakia. Coinbase has also increased the daily buy and sell limits to €2,000 for its users in France, Italy, Spain, Belgium, the....
Cryptocurrency service providers operating in Ethiopia are now required to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA), a report has said. According to the agency, legal measures will be applied to crypto entities that fail to comply with its registration call. INSA Tasked With Developing Operating Procedures The Ethiopian cybersecurity agency, the Information Network Security Administration (INSA), has reportedly started registering crypto service providers operating in the country. The agency’s....
Dutch bitcoin exchange Bitplaats has announced the expansion of its service into neighbouring country Belgium. Belgian users can now trade digital currency from Bitplaats using the country's dominant online payments platform, Bancontact/Mister Cash. Bitplaats (which translates as 'bit place' in Dutch) claims transactions on its platform will be completed instantly as it uses the Bancontact/Mister Cash payment method, which offers transactions in real-time. Bancontact/Mister Cash is widely used for transactions in the country. Lennert Vlemmings, a Bitplaats co-founder, said: "We received....
Registered Bitcoin service providers in El Salvador include Chivo, the firm behind the state-issued crypto wallets and kiosks, Paxos Trust Company, Paxful and OpenNode. Decentralized finance firm Qredo has received approval for registration as a Bitcoin (BTC) service provider in El Salvador.In a Wednesday announcement, Qredo said the Central Reserve Bank of El Salvador accepted the crypto firm's registration as a recognized Bitcoin service provider as laid out in the country’s Bitcoin Law. According to the registration website, Qredo was authorized to custody BTC, provide Bitcoin wallets,....