20251006_nbb_2025_07.pdf

Here are the key points summarized:

I. Background

• The document is a notification from the National Bank of Belgium (NBB) to credit institutions, investment firms, and electronic money institutions planning to offer cryptocurrency services.
• The NBB will apply prudent supervision to these institutions.

II. EBA Guidelines

• The European Banking Authority (EBA) has issued guidelines on various aspects of cryptocurrency services, including:
  • Governance requirements for ART issuers
  • Fit and proper criteria for board members and shareholders
  • Reverse solicitation rules
  • Investor protection requirements

III. ESMA Guidelines

• The European Securities and Markets Authority (ESMA) has also issued guidelines on various aspects of cryptocurrency services, including:
  • Reverse solicitation rules
  • Investor protection requirements

IV. NBB Expectations

• The NBB expects credit institutions, investment firms, and electronic money institutions to notify it at least 40 working days before commencing cryptocurrency services.
• The NBB will apply prudent supervision to these institutions.

Note: This summary focuses on the key points of the document and does not include all the details.