FSMA

On March 21, the Belgian financial market regulator, the Financial Services and Markets Authority (FSMA), 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 contain three key areas: information must be accurate and not misleading, advertising must contain mandatory risk information, and cryptocurrency companies need to notify FSMA before any large-scale activities. In addition, regulators define a mass event as any promotional activity that a company targets at least 25000 consumers. Interpretation of this…