KBC Group, a major European banking and insurance institution headquartered in Belgium, has launched a token based on a blockchain platform. Its customers will be able to acquire the new proprietary coins and use them through their KBC wallet and mobile app.
KBC Issues Digital Coin for Clients and Partners
KBC, the Brussels-based financial…
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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…
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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…
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According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country. Researchers Rank…
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As a part of the partnership, Zeromint will mint and offer exclusive NFTs on the GoChain blockchain, which will be made available for international beer fans via BBA. Brewers and farmers from Belgian Barrels Alliance (BBA) have partnered with Zeromint to offer nonfungible tokens (NFTs) aimed at preserving the UNESCO recognized Belgian beer culture and…
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A bar in Brussels frequented by local anarchists has introduced crypto payments. Bitcoin is the money of the future, say the owners who have recently renovated the place. It is among the first such establishments in the Belgian capital to take coins for pints, they say. Dolle Mol Bar on Rue des Éperonniers Will Take…
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Losses due to crypto scams are on the rise in Belgium. Belgium’s financial watchdog has reported scammers stole up to $12 million from investor in the country using fraudulent ads. In an Oct. 5 warning from the Financial Services and Markets Authority (FSMA), the watchdog estimated that investors in Belgium had lost at least 10…
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Belgium’s economic inspectorate reported $3.2 million in losses due to cryptocurrency fraud in 2019. Global losses from cryptocurrency fraud and theft surged massively in 2019, doubling from 2018. Despite multiple efforts to tackle fraudulent crypto schemes, countries like Belgium continued to suffer losses to crypto fraudsters. According to a May 8 report by Belgian newspaper…
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Belgium’s Financial Services and Markets Authority has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. Belgium’s Financial Services and Markets Authority (FSMA) has updated its blacklist of cryptocurrency-related websites associated with fraudulent activity. The FSMA made the update following a number of complaints from Belgium-based users who dealt with fraudulent offers of investment…
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Belgium’s financial watchdog has made an additional update to its blacklist of crypto-related websites associated with fraud. Belgium’s Financial Services and Markets Authority (FSMA) has made an additional update to its blacklist of cryptocurrency-related websites associated with fraud. On Oct. 29, Belgium’s financial watchdog updated its list of cryptocurrency trading platforms for which it has…
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