Belgium’s FSMA flags six unlicensed crypto platforms

The firms identified by the FSMA are Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade, and ZeriaFunding. Regulators labeled these entities as fraudulent for providing services—including crypto custody, trading, and portfolio management—without the necessary legal standing. The FSMA has explicitly advised consumers to avoid these platforms and to verify any service provider against the official register before transferring funds.

This crackdown follows the expiration of the transition period for the MiCA framework, which now mandates that all digital asset companies operating within the EU obtain common authorization. The shift replaces fragmented national licensing systems with a unified rulebook. Beyond the licensing issue, the FSMA reiterated that crypto assets carry inherent risks, such as high volatility and a lack of investor compensation schemes, urging caution in a market where firms like Binance are already reevaluating their European operational strategies to align with the new compliance landscape.