Belgium Regulator Ponders Crypto as a Security
— Either prospectus, Financial instruments directive, Mifid, Instead created, Ether, Mifid rules, Regulator, Eth, Wouldnt, Crypto — 1 min read
Assets like bitcoin (BTC) and ether (ETH) wouldn’t be subject to prospectus or MiFID rules because they have no issuer, but are instead created by computer code, the document said. Assets like Bitcoin and ether would not have a prospectus because they are not issued by an issuer, it has no issuer but is instead created using computer code. The EU’s Markets in Financial instruments Directive (MiFID) requires financiers to be clear and honest when approaching potential investors, and not to have conflicts of interest. Bitcoin and Ether won't need prospectus, but would not need to be issued to investors, it would not require prospectus rules to apply to them, it’ said the document. Source