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Belgium’s FSMA clarifies Bitcoin, Ethereum are NOT securities

In a major win for stakeholders of the crypto-industry, the Financial Services and Markets Authority (FSMA) of Belgium has clarified that Bitcoin, Ethereum, and other decentralized cryptocurrencies do not qualify as securities. Not a security if there is no issuer In its report, the regulator said,  “If there is no issuer, as in cases where instruments […]

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