While the Belgium statement indicates that BTC and... @QuipTalk

The Belgium statement implies that many coins that started as Proof-of-Stake (PoS) are not considered securities, such as Tezos. This is because they do not have an issuer, unlike Bitcoin (BTC) and Ethereum (ETH) which were both premined. This means that the coins were created and distributed by a centralized entity, which is not the case with PoS coins. Therefore, the Belgium statement implies that PoS coins are not securities, while BTC and ETH are.

Eth was premined