Belgium's MiCA Clean-Up Crew Just Named and Shamed Six Crypto Ghosts

Belgium's Financial Services and Markets Authority has placed six crypto-asset service providers on its fraudulent CASP list, warning consumers that the named entities are operating in the country without authorization under the European Union's Markets in Crypto-Assets framework. The regulator identified Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade and ZeriaFunding as unauthorized providers active in Belgium, urging users not to transact with them and to verify any provider against its official CASP register. The FSMA noted that crypto assets can be volatile, may suffer from liquidity limitations and are not covered by a compensation scheme that could reimburse users for potential losses.

The move follows the expiration of Belgium's transitional regime on July 1, the same date by which existing crypto-asset service providers across the EU were required to obtain MiCA authorization or cease offering crypto-asset services. Under Belgian rules, only authorized CASPs are permitted to offer services including custody, trading platforms, crypto-to-fiat exchange, crypto-to-crypto exchange, order execution, transfer services, advice and portfolio management.

The July 1 deadline has reshaped the bloc's regulatory map. On June 24, crypto exchange Binance withdrew its MiCA application filed in Greece and said it planned to seek authorization in another EU jurisdiction, stating it was "not leaving Europe" while acknowledging that some users could be affected as it worked to comply with applicable requirements. Cointelegraph contacted the FSMA for additional information but did not receive a response by the time of publication.

MiCA entered into force at the end of 2024, creating a harmonized EU framework for crypto-asset service providers and issuers, and national regulators have begun enforcing its licensing perimeter following the end of the transitional period. Related reporting has noted that Germany leads the MiCA crypto authorization race as Europe's deadline approached. The FSMA warning indicates that Belgium is now actively flagging entities that failed to secure authorization under the new regime.