The Belgian Government to Put up Confiscated Bitcoin on Auction

Over €110,000 worth of confiscated bitcoin and other cryptos are to be auctioned by the Belgian Government. An announcement issued on Friday set this auction's date as the 24th of March 2020 at noon GMT. The duration of the auction shall be 24 hours, being online to enable this. About the Bitcoin Auction For the auction, crypto lots shall range from 0.25 bitcoin to 1 bitcoin. Bitcoin Cash and Bitcoin Gold are the other cryptocurrencies that will also be auctioned.…

The FSMA Hopes to Introduce Crypro Regulations to Counter Illegal Transactions

A recent report reveals that the Financial Services and Markets Authority (FSMA) in Belgium wants to ensure that digital currencies undergo government regulations.  The FSMA Chairman, Jean-Paul Servais, insinuated that Belgium's lawmakers should develop a legal guide to control the purchase, sale, and use of digital currencies. These guidelines are not just to guide digital currencies but any other financial products.   Servais' remarks came on February 10 in a senate hearing. He explained that it's time for the Belgian government…