បែលហ្ស៊ិកនិយាយថា BTC, ETH និងកាក់វិមជ្ឈការផ្សេងទៀតមិនមែនជាមូលបត្រទេ។

Belgium’s financial regulatory body has confirmed its position that Bitcoin (BTC អ) អេធើរ (សាកលវិទ្យាល័យ ETH) and other cryptocurrencies that are issued solely by computer code do not constitute securities.

The explanation came from Belgium’s Financial Services and Markets Authority (FSMA) in a Nov. 22 របាយការណ៍, a draft of which was opened for comment in Jul. 2022.

The clarification comes following an increase in demands for answers as to how Belgium’s existing financial laws and regulations apply to digital assets, according to the FSMA.

While not legally binding under Belgium or European Union law, the FSMA stated that under its “stepwise plan,” cryptocurrencies would be classed as a security if it was issued by an individual or entity”:

"ប្រសិនបើគ្មានអ្នកចេញទេ ដូចជាក្នុងករណីដែលឧបករណ៍ត្រូវបានបង្កើតឡើងដោយកូដកុំព្យូទ័រ ហើយវាមិនត្រូវបានធ្វើឡើងក្នុងការអនុវត្តកិច្ចព្រមព្រៀងរវាងអ្នកចេញនិងអ្នកវិនិយោគ (ឧទាហរណ៍ Bitcoin ឬ Ether) បន្ទាប់មកជាគោលការណ៍ និតិបញ្ញត្តិ Prospectus Prospectus ច្បាប់​និង​វិធាន​នៃ​ការ​ប្រព្រឹត្តិ​របស់ MiFID មិន​ត្រូវ​បាន​អនុវត្ត​ទេ»។

The Belgian regulatory body noted that cryptocurrencies which are not categorized as securities may still be subject to other regulations if a company uses the digital asset as a medium of exchange:

"ទោះជាយ៉ាងណាក៏ដោយ ប្រសិនបើឧបករណ៍មានមុខងារទូទាត់ ឬប្តូរប្រាក់ បទប្បញ្ញត្តិផ្សេងទៀតអាចអនុវត្តចំពោះឧបករណ៍ ឬអ្នកដែលផ្តល់សេវាកម្មជាក់លាក់ទាក់ទងនឹងឧបករណ៍ទាំងនោះ។"

FSMA also noted that its stepwise plan is neutral to the technology — suggesting that it’s irrelevant whether digital assets exist and are facilitated on a blockchain or through other traditional means.

The FSMA first drafted the report in Jul. 2022 as a means to address frequently asked questions by Belgian-based issuers, offerers and service providers of digital assets.

FSMA stated that the stepwise plan would serve as a guideline until the European Parliament’s Markets in Crypto Assets Regulation (MiCA) is adopted, which is រំពឹង to take effect at the start of 2024..

ដែលទាក់ទង: សមាជិកសភាបែលហ្ស៊ិកនិយាយថា ការមិនចំណាយពេលសិក្សាអំពី BTC គឺជា "ហានិភ័យធំបំផុតរបស់អឺរ៉ុប"

Belgium’s clear guidelines are in contrast to the “regulation by enforcement” approach taken by the U.S. Securities Exchange Commission’s (SEC) which is currently vying for digital asset regulatory control with the U.S. Commodity Futures Trading Commission (CFTC).

While SEC chairman Gary Gensler has long considered BTC to constitute a commodity, he’s recently argued that post-Merge ETH and other staked coins may constitute a security under the Howey test.

Belgium hasn’t been a huge adopter of digital assets to date, with a recent study from blockchain data platform Chainalysis ចំណាត់ថ្នាក់ Belgium 94th in its Global Crypto Adoption Index.

Residents in the European country have access to 10 crypto exchanges, នេះបើយោងតាម to data from crypto data resource Bitrawr.