Belgium's FSMA Blacklists Six Crypto Firms After MiCA Deadline
Belgium's financial watchdog flagged six unauthorized crypto providers just days after the EU's MiCA transitional period closed.
If you're trading crypto in Europe, pay attention. Belgium's Financial Services and Markets Authority — the FSMA — just added six crypto-asset service providers to its official fraudulent CASP list. The timing is no accident: the move came days after the EU's MiCA transitional period expired, meaning the regulatory gloves are fully off.
MiCA — the Markets in Crypto-Assets regulation — is the EU's sweeping framework designed to bring crypto firms under the same kind of oversight that traditional finance has lived with for decades. The transitional period gave existing operators a window to get compliant. That window is now shut, and regulators across member states are wasting no time.
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Belgium's FSMA is doing exactly what MiCA was designed to enable: naming and shaming unauthorized players before retail traders lose money to them. Six providers landing on a fraudulent list this quickly signals that enforcement isn't going to be slow or symbolic — it's immediate and public.
For retail traders, this is your reminder to check whether any platform you use is actually registered and compliant under MiCA. Operating in the EU without authorization is now a serious red flag, not just a technicality. The FSMA's warning is consumer-facing, which means they want you to see it and act on it.
Europe just became a much less friendly place for fly-by-night crypto operations. Expect more blacklists, more enforcement actions, and more pressure on unregistered platforms across EU member states in the weeks ahead. Continue reading at Cointelegraph.
