The grace period for digital asset companies operating inside the European Union has officially ended. Belgium’s Financial Services and Markets Authority (FSMA) has added six crypto-asset service providers (CASPs) to its public warning registry, marking the first localized enforcement actions since the EU’s Markets in Crypto-Assets (MiCA) framework took full effect.
The localized action targets Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade, and ZeriaFunding. According to the FSMA, these entities are operating as unauthorized and potentially fraudulent entities inside Belgium, offering custodial wallets, exchange services, and portfolio management without clearing the mandatory MiCA hurdles.
With the expiration of local grandfathering rules on July 1, 2026, existing platforms must secure unified passports from member state watchdogs or cease regional operations. Unlicensed operations now face immediate blacklisting across core Eurozone channels.
The strict climate has prompted global market leaders to rethink their regional strategies. For instance, Binance recently withdrew its regulatory application from Greece, choosing to re-route its compliance resources toward a centralized single-jurisdiction framework elsewhere in Europe. As watchdogs shift from legislative planning to active on-chain policing, the FSMA is urging retail investors to cross-reference the centralized European CASP register before transferring capital, highlighting that unauthorized platforms are locked out of emergency consumer protection funds.
