Key facts
- Belgium's FSMA identified six unauthorized crypto-asset service providers (CASPs) operating in the country.
- The regulator added Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade, and ZeriaFunding to its list of fraudulent CASPs.
- The warning was issued shortly after the European Union's Markets in Crypto-Assets (MiCA) transitional period deadline of July 1.
- FSMA advised consumers to avoid offers from these companies and to verify provider authorization.
- The regulator also noted the volatility of crypto assets and the lack of compensation schemes for potential losses.
Belgium's financial markets regulator, the FSMA, has issued a warning to consumers regarding six crypto-asset service providers (CASPs) operating in the country without the necessary authorization. This action follows the expiration of the European Union's Markets in Crypto-Assets (MiCA) transitional period on July 1. The FSMA identified Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade, and ZeriaFunding as entities operating without authorization and has added them to its list of fraudulent CASPs. The regulator strongly advised consumers against accepting offers from these companies and emphasized the importance of checking the official CASP register for authorized providers. Additionally, the FSMA cautioned about the inherent volatility of crypto assets, potential liquidity limitations, and the absence of compensation schemes for user losses. MiCA, which entered into force at the end of 2024, established a harmonized EU framework for CASPs and issuers, requiring existing providers to obtain authorization or cease operations by the July 1 deadline.