Belgium's FSMA Blacklists Six Crypto Firms After MiCA Deadline
Belgium's financial regulator flagged six unauthorized crypto providers just days after the EU's MiCA transitional period closed.
The heat is on. Belgium's Financial Services and Markets Authority just dropped six crypto-asset service providers onto its official fraudulent CASP blacklist — and the timing is no accident. The moves came directly after the EU's MiCA transitional period expired, signaling that regulators across Europe are done playing nice.
MiCA — the Markets in Crypto-Assets regulation — set a hard deadline for crypto firms operating in the EU to get properly licensed or get out. Belgium's FSMA wasted no time enforcing the new reality. If a provider isn't on the right side of that compliance line, it's now fair game for a public warning.
Read more South Korea May Crack Down on Polymarket for Gambling →
For retail traders, this is your cue to check who you're actually giving your money to. A firm landing on the FSMA's fraudulent CASP list isn't just a regulatory slap — it's a red flag that the platform has zero legal standing to serve you in the EU. Trading with an unauthorized provider means zero recourse if things go sideways.
This is exactly the crackdown MiCA was built for. Expect more EU member-state regulators to follow Belgium's lead and start publishing their own blacklists now that the grace period is gone. The compliance window is shut. There's no grandfather clause saving unlicensed operators anymore — the purge has started.
Continue reading at Cointelegraph
