Belgium FSMA Issues Warning Against Six Unauthorized Crypto Platforms

The Financial Services and Markets Authority (FSMA) of Belgium has issued a public warning regarding several unauthorized companies offering crypto-asset services to consumers without holding the mandatory regulatory approvals. Following the implementation of the European Union's Markets in Crypto-Assets (MiCA) regulation, any entity providing crypto-asset services within the EU must obtain official authorization as a Crypto-Asset Service Provider (CASP) from the competent authority in an EU Member State. While existing providers operated under a transitional regime, that period ended on July 1, 2026. As a result, all active crypto service providers must now be formally licensed. The FSMA strongly advises investors against engaging with or responding to offers from the following entities, which have been added to its list of fraudulent and unauthorized CASPs: - 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 regulator highlights that this list is not exhaustive and warns the public about the severe risks tied to crypto-assets, including sharp price volatility, liquidity constraints, and deceptive promotional campaigns on social media. Crucially, unlike traditional regulated financial products, crypto-assets offer no statutory compensation mechanisms in the event of loss or fraud. Investors are advised to always consult official registers to confirm that a service provider is duly authorized before transferring funds. If you have interacted with or sent money to any of these fraudulent platforms, the FSMA recommends taking immediate action: halt all communications and payments, leave any related trading groups, notify your bank without delay, report the incident to local police and regulatory authorities, and preserve all transaction records and messages. Additionally, victims must stay vigilant against "recovery room" schemes, where scammers pose as recovery agents offering to retrieve lost funds for an upfront fee.