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2. Does the Regulation apply only to persons whose professional activity consists chiefly of distributing virtual currencies for remuneration?

No, the Regulation applies to anyone who, in return for some form of remuneration or advantage, distributes virtual currencies to consumers and disseminates advertisements for the purpose, regardless of whether this constitutes their core professional activity or an ancillary activity, or is done on an occasional basis for remuneration. An influencer who only sporadically advertises a virtual currency in return for remuneration falls within the scope of the Regulation.

The Regulation does not apply to communications disseminated on the occasion of transactions between consumers, on condition that no one is paid to disseminate advertisements among consumers.

The FSMA has drawn up this Regulation to protect consumers. This is the reason for its broad scope.