Belgium will implement new cryptocurrency promotion rules on May 17, requiring risk information to be included in advertisements
ChainCatcher News: The Financial Services and Markets Authority (FSMA) of Belgium will implement a new set of cryptocurrency promotion rules within its jurisdiction, which will take effect on May 17, 2023.The new cryptocurrency advertising rules encompass three key areas: information must be accurate and not misleading, advertisements must include mandatory risk information, and cryptocurrency companies need to notify the FSMA before any large-scale activities. Additionally, the regulator defines a public activity as any promotional activity targeting at least 25,000 consumers.It is reported that this regulatory initiative follows a survey conducted in November 2022 involving 1,000 investors. Last year, the FSMA mandated that all virtual currency service providers operating in the country, including exchanges and wallet providers, register. (Source link)