Belgium’s Financial Services and Markets Authority (FSMA) issued a warning on July 6, 2026, against six companies offering crypto-asset services in Belgium without the authorization required under EU law. The regulator advised the public not to accept offers from these firms and added them to its list of fraudulent crypto-asset service providers (CASPs).
Companies named
The FSMA identified the following entities as operating without authorization:
- Aurum Foundation (aurum.foundation)
- Bank Bit (bank-bit.com)
- Bithf Pro (bitfpro.org)
- Dxago (dxago.com)
- Global Dynamic Trade (globaldynamictrade.org)
- ZeriaFunding (zeriafunding.com)
The FSMA said this list is not exhaustive and is updated regularly.
Regulatory background
The warning is tied to the EU’s Markets in Crypto-Assets Regulation (MiCA), which entered into force at the end of 2024. Under MiCA, companies may offer crypto-asset services within the European Union only if they hold authorization as a crypto-asset service provider, granted by the competent supervisory authority in the provider’s home member state.
New crypto-asset service providers have been required to hold CASP status since December 30, 2024. Existing providers benefited from a transitional period, which expired on July 1, 2026. That deadline means companies that had continued operating under national grandfathering provisions must now hold full CASP authorization to legally serve customers in the EU.
The FSMA advised consumers to verify a provider’s authorization status before using its services, pointing to the register of crypto-asset service providers maintained by the European Securities and Markets Authority (ESMA).
Risk warnings
Alongside the authorization warning, the FSMA reiterated general risks associated with crypto-assets, including sharp price volatility and limited market liquidity that can make it difficult to sell holdings at a desired time or price. The regulator also flagged social media promotion of crypto-assets as a source of potentially confusing, incomplete or misleading information, and noted that, unlike some traditional financial products, crypto-assets are not covered by a compensation scheme in the event of losses.
Guidance for affected consumers
The FSMA outlined steps for individuals who believe they have been affected by an unauthorized or fraudulent platform: stop making transactions and cut off contact with the platform, notify their bank if payments have already been made, report the matter to the FSMA and file a police report, and preserve all records of communications and transactions as evidence.
The regulator also warned against so-called “recovery rooms,” which contact victims of previous scams and offer, for a fee, to help recover lost funds. The FSMA said such offers generally constitute a further attempt at fraud.
Further guidance on recognizing and avoiding investment fraud is available on the FSMA website, alongside informational resources on crypto-assets published by Wikifin and ESMA.
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