Open a Cryptocurrency Company in Belgium
Open a Cryptocurrency Company in BelgiumUpdated on Monday 05th March 2018
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Cryptocurrencies, or digital currencies, have grown in popularity due to their level of security and anonymity. Investors who open a cryptocurrency company in Belgium have access to a dynamic and evolving business field.
Although the acceptance rate for cryptocurrencies is still under development, there are a number of major companies that accept payment via virtual currencies. These include, but are not limited to, PayPal, Microsoft, Shopify, and others.
Starting a company in the cryptocurrency business will make it mandatory for investors to be up-to-date with the latest legal changes and policies that could influence the use of digital currencies. Our team of attorneys in Belgium can help you understand the current laws for these types of activities.
We invite you to watch the following video on opening a cryptocurrency company in Belgium:
Using cryptocurrencies in Belgium
Cryptocurrencies have the potential to expand to a variety of industries and although the technology is still relatively new and needs to gain more momentum in terms of adoption, investors in Belgium have a number of possibilities if they decide to invest in blockchain and digital currencies.
Some of the uses of cryptocurrency may include donations, buying or selling items such as artwork and others. Crypto crowdfunding projects are gaining in popularity and cryptocurrency owners in Belgium can become involved in crowdfunding platform building or they can simply contribute to an existing one.
Belgium has not adopted a special legislation for the regulation of cryptocurrencies. However, Belgian officials have expressed their opinion to strengthen the control over Bitcoin and other virtual currencies. The Bitcoin Association in Belgium represents the interest of the country’s community of Bitcoin users and supports the efforts of the community members for using digital currencies.
Entrepreneurs who are concerned about the legal aspects of using digital currencies can talk to one of our Belgian lawyers.
Opening a company in Belgium
All companies in Belgium, including those that are involved in blockchain and cryptocurrency business, must be registered with the Crossroads Bank for Enterprises.
Contact our Belgian law firm for more detailed information related to the formation of companies and the laws for investors who want to start a business here.