Belgian regulator flags six crypto firms for no MiCA licence
Belgium’s FSMA warned six crypto-asset firms-Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade and ZeriaFunding-are operating without MiCA authorization.
Belgium’s Financial Services and Markets Authority (FSMA) warned consumers on Monday that six crypto-asset service providers are operating in the country without authorization under the EU’s Markets in Crypto-Assets (MiCA) regime. The regulator named Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade and ZeriaFunding and added them to its public list of fraudulent CASPs.
The FSMA said the firms were active in the Belgian market after the EU transitional period ended on July 1 and before obtaining the required MiCA authorization. The regulator urged consumers not to accept offers from the named entities and advised users to verify providers against its official register of authorized crypto-asset service providers before engaging any service.
MiCA entered into force at the end of 2024 and establishes a single EU framework for crypto-asset issuers and service providers. Under Belgium’s guidance, only authorized CASPs may offer services including custody, trading platforms, crypto-to-fiat and crypto-to-crypto exchange, order execution, transfer services, investment advice and portfolio management. The July 1 deadline required existing providers across the bloc either to obtain authorization or to stop offering regulated crypto-asset services.
The FSMA noted that crypto assets can be volatile, may face liquidity limits and are not covered by Belgium’s financial compensation schemes. The regulator warned that investors may not be reimbursed for losses incurred while using services from unregistered entities.
National supervisors across the EU have begun enforcing the MiCA licensing requirement at the country level. Some firms have altered or withdrawn authorization applications as they seek to comply with the new rules; for example, a major exchange withdrew an application in late June and planned to pursue approval in another EU state.
The FSMA’s notice repeats advice to consult its CASP register and to exercise caution with providers that are not listed as authorized.
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