Belgium Flags 6 Unauthorized Crypto Firms After MiCA Deadline

Belgium’s Financial Services and Markets Authority (FSMA) has identified six crypto-asset service providers (CASPs) operating without proper authorization. The FSMA added these firms to its official list of fraudulent CASPs, cautioning consumers about the risks of dealing with unregistered entities.

The move follows the expiration of the EU’s Markets in Crypto-Assets (MiCA) transitional period, which required all crypto firms operating in the EU to register by July 1, 2026. The FSMA’s action underscores the regulator’s commitment to enforcing MiCA compliance and protecting consumers from unauthorized and potentially fraudulent activities.

For everyday crypto users, this development highlights the importance of verifying the regulatory status of any crypto service provider before engaging with them. Using unregistered platforms can expose users to significant financial risks, including scams and loss of funds. The FSMA’s fraudulent CASP list serves as a critical resource for consumers to check the legitimacy of crypto firms.

Moving forward, crypto users in Belgium and the broader EU should regularly consult the FSMA’s list of unauthorized providers. Additionally, they should prioritize using platforms that are fully compliant with MiCA regulations to ensure their investments are protected. Staying informed about regulatory updates and enforcement actions can help users navigate the crypto landscape more safely.