Belgium’s FSMA flags six crypto firms after MiCA transition ends

Belgium’s Financial Services and Markets Authority warned consumers against six crypto-asset service providers, saying they were operating in the country without authorization shortly after the European Union’s MiCA framework moved into its enforcement phase. The FSMA (Belgium’s financial markets regulator) named Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade and ZeriaFunding, and said it had added them to its list of fraudulent CASPs (crypto-asset service providers). The move came days after Belgium’s MiCA transitional regime expired on July 1, when existing providers across the EU generally needed authorization or had to stop offering crypto-asset services. The regulator urged users not to accept offers from the named companies, to verify providers in its official CASP register, and warned that crypto assets can be volatile, face liquidity limitations and are not protected by a compensation scheme for potential losses.