# Belgium

> Belgium (FSMA · National Bank of Belgium): EU baseline, with no national layer on confidentiality. Region: Europe. Confidential with disclosure: Confidentiality is workable so long as the regulated firm can identify the parties and disclose on demand. Encrypted amounts are not the thing being restricted.

Part of the Soda Labs Privacy Hub regulation map, which reads the instruments
themselves rather than summarising the summaries: https://www.sodalabs.xyz/privacy-hub/regulation

## Key facts

- Entry type: Jurisdiction
- Region: Europe
- Subject: EU baseline, with no national layer on confidentiality
- Authority: FSMA · National Bank of Belgium
- Stance on on-chain confidentiality: Confidential with disclosure. Confidentiality is workable so long as the regulated firm can identify the parties and disclose on demand. Encrypted amounts are not the thing being restricted.
- Tags: EU baseline, FSMA, no national divergence, dual supervision
- Canonical page: https://www.sodalabs.xyz/privacy-hub/regulation/jur-belgium

## What it actually says

Belgium adds no national layer on confidentiality, and that is worth stating plainly rather than manufacturing local colour. The authority to deal with is the FSMA, working alongside the National Bank on prudential questions, and the rules that actually bite are the European ones covered elsewhere in this section: identity attached to every transfer regardless of size, and from July 2027 a bar on regulated firms keeping accounts that anonymise the holder. Nothing Belgian restricts anonymity-enhancing assets or self-hosted wallets. For anyone mapping obligations, that means the Belgian answer is the European answer.

## The instruments that matter

- **FSMA is the competent authority**: for authorising and supervising crypto-asset service providers under the European regime, alongside the National Bank on prudential matters
- **The binding rules are European**: the travel rule applies to every transfer with no minimum value, and from 10 July 2027 regulated firms may not keep accounts that anonymise the holder
- **No national divergence located**: we found no Belgian instrument restricting anonymity-enhancing assets or transfers to self-hosted wallets

## Related entries

- [Austria](https://www.sodalabs.xyz/privacy-hub/regulation/jur-austria): EU baseline, with an early transition close
- [Czechia](https://www.sodalabs.xyz/privacy-hub/regulation/jur-czechia): EU baseline, supervised by the central bank
- [Denmark](https://www.sodalabs.xyz/privacy-hub/regulation/jur-denmark): EU baseline, with tax as the historic pressure point
- [Luxembourg](https://www.sodalabs.xyz/privacy-hub/regulation/jur-luxembourg): EU baseline, seen through a fund domicile
- [Sweden](https://www.sodalabs.xyz/privacy-hub/regulation/jur-sweden): EU baseline, with a hawkish supervisory tone
- [Ireland](https://www.sodalabs.xyz/privacy-hub/regulation/jur-ireland): A central bank piloting zero-knowledge KYC