Regulator: National Bank of Belgium (NBB); Financial Services and Markets Authority (FSMA); FPS Economy / Ministry of Economy (selected EMT holder-info articles)
Belgium fully transposes and applies the EU's MiCAR framework, which has been effective since December 2024 and includes rules on e-money tokens and asset-referenced tokens. Issuers must meet licensing, reserve, redemption, governance, and transparency criteria, overseen by national and EU authorities.
