The FSMA, Belgium’s financial watchdog responsible for supervising markets and protecting consumers, flagged six crypto providers as unauthorized to offer services in the country. The regulator maintains a public warnings list that investors can consult before engaging with any financial service provider.
Belgium’s Financial Services and Markets Authority (FSMA) has issued a warning against six unauthorized crypto service providers, urging investors to avoid platforms operating without proper regulatory approval in the country.
The FSMA, Belgium’s financial watchdog responsible for supervising markets and protecting consumers, flagged six crypto providers as unauthorized to offer services in the country. The regulator maintains a public warnings list that investors can consult before engaging with any financial service provider. For related coverage, see Belgian KBC Bank Plans Crypto Trading Platform Launch.
The warning comes as Belgium enforces stricter oversight of crypto service providers following the end of a transitional registration period. The FSMA has noted that firms offering crypto asset services in Belgium must now hold proper authorization, and those operating without it face regulatory action, according to an FSMA notice on the transitional period’s conclusion. For related coverage, see Court Revives DCG Fraud Claim Over Crypto Yield Product.
The alert is part of a broader pattern of European regulators tightening crypto oversight. Belgium’s move echoes similar actions across the EU, where MiCA implementation has led to formal licensing of crypto asset service providers, raising the bar for market entry.
An “unauthorized” designation means a platform has not met the regulatory requirements to legally operate in Belgium. For users, this carries direct risk: deposits held on unlicensed platforms may lack consumer protections, and recourse in the event of fraud or insolvency could be limited or nonexistent.
Unauthorized providers are not subject to the same capital requirements, custody standards, or complaint-handling obligations as licensed firms. Users who transact on these platforms may find withdrawals blocked or funds inaccessible with no regulatory body to intervene on their behalf.
The Belgian regulator’s action follows a pattern seen across Europe. Romania recently blacklisted Polymarket for operating without authorization, while Binance halted crypto trading in France after encountering licensing issues under the new regulatory framework.
Users based in Belgium or using Belgian-facing platforms should verify a provider’s authorization status directly through the FSMA’s official warnings page before depositing funds. The regulator regularly updates its list as new unauthorized entities are identified.
The FSMA’s warnings list is not static. Additional names could be added as enforcement efforts continue, and existing warnings may lead to formal enforcement proceedings. Meanwhile, Belgian institutions like KBC Bank are moving toward launching regulated crypto trading, signaling that authorized alternatives are emerging within the country’s regulatory perimeter.
Investors should treat the absence of a firm from the warnings list with caution as well, since it does not guarantee authorization. Checking the FSMA’s registry of licensed providers remains the most reliable step before engaging with any crypto platform operating in Belgium.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
Quick access to the site tools and map-driven utility pages.
Follow the core desks readers use most across Bitcoin, altcoins, mining, events, and sponsored coverage.
© 2026 BitcoinInfoNews.com. All rights reserved.
Independent Bitcoin and crypto coverage with public trust, policy, and newsroom pages available sitewide.
