Belgium flags six unauthorised crypto providers

• Belgium's financial regulator warned consumers against six crypto-asset service providers operating without MiCA authorisation.
• The action follows the expiry of the European Union's MiCA transitional period on 1 July.
• The regulator urged investors to verify whether crypto providers are authorised before using their services.

Belgium's Financial Services and Markets Authority (FSMA) has warned consumers against six crypto-asset service providers that it said were operating without authorisation under the European Union's Markets in Crypto-Assets (MiCA) framework.

The regulator identified Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade and ZeriaFunding, adding the companies to its list of fraudulent crypto-asset service providers after Belgium's MiCA transition period ended on 1 July.

The FSMA advised consumers not to accept offers from the named providers and said investors should confirm that a crypto-asset service provider appears in its official register before using its services, while also warning that crypto assets remain volatile and are not covered by investor compensation schemes.

The warning marks the beginning of MiCA enforcement in Belgium following the end of the transitional regime, and as the Financial Services and Markets Authority is a regulator there is no share price available.

MiCA established a single regulatory framework across the European Union for crypto-asset service providers, requiring firms offering custody, trading, exchange and related services to obtain authorisation or cease operations.

The announcement follows broader compliance efforts across Europe, including Binance withdrawing its MiCA application in Greece in June while stating it intended to seek authorisation in another European Union jurisdiction.