Belgium is the strictest of the large EU markets on this pair of questions, and the gap between the two answers is wider here than almost anywhere. Spot crypto itself is legal: MiCA has applied since 30 December 2024, the FSMA runs the crypto-asset framework, and since 1 July 2026 any crypto-asset service provider must hold a MiCA authorisation or stop offering services in Europe - the national transitional regime ran out on 30 June 2026.
Leveraged derivatives are a different matter entirely. Since 18 August 2016 the FSMA Regulation approved by Royal Decree has banned distribution to consumers, over electronic trading platforms, of binary options, sub-one-hour derivatives and leveraged derivatives including CFDs and rolling spot forex - and it sits on top of an earlier ban on distributing financial products whose underlying is a virtual currency.
The contract itself does not change by geography: a EWY perpetual settles in USDC everywhere.
9 venues open iShares MSCI South Korea ETF perps to traders in Belgium.
ApeX
Aster
Avantis
Hyperliquid
Lighter
Ondo
Paradex
VestFour steps from sign-up to an open position.
Private investors in Belgium pay a 10% tax on capital gains from crypto.
Trading EWY from Belgium: legal.
From Belgium, you can fund an iShares MSCI South Korea ETF position using SEPA / SEPA Instant transfer (EUR), Debit card and PayPal.
Belgium residents can trade iShares MSCI South Korea ETF on 11 platforms, including ApeX, Aster and Avantis.
On Canborsa, traders in Belgium can use up to 10x leverage on iShares MSCI South Korea ETF.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
Robinhood Chain
