Registration of new crypto firms in Belgium begins on Sunday.
Existing exchange providers are required to give notice by 1 June under the anti-money laundering law.
The country’s financial regulator said today that Belgian crypto exchange providers must register if they plan to launch after May 1.
Exchanges that are already operating will also have until June to notify the regulator.
This Belgian move follows European Union laws known as the Fifth Anti-Money Laundering Directive, which aims to ensure that wallet providers report suspicious activity.
Failure to comply with the law can result in a one-year prison sentence or a 10,000 euro fine.
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