Belgium Financial Services and Markets Authority warns against six unauthorized crypto service providers and adds them to fraud list

The Belgium Financial Services and Markets Authority has warned the public against six companies active in Belgium that are offering crypto-asset services without the authorization required under the EU Markets in Crypto-Assets Regulation. It added Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade and ZeriaFunding to its list of fraudulent crypto-asset service providers and advised consumers not to accept their offers. Under MiCA, new crypto-asset service providers have needed authorization as a crypto-asset service provider since 30 December 2024, while the transitional arrangement for existing providers expired on 1 July 2026. The Belgium Financial Services and Markets Authority said authorization must be granted by the competent supervisory authority in the provider's home member state and urged consumers to verify a firm's status in the register of crypto-asset service providers. It also reiterated that crypto-assets can involve sharp price swings, limited liquidity, misleading promotions, especially on social media, and no compensation scheme comparable to more traditional financial products. Consumers who believe they have been targeted should stop all transactions and contact with the platform, inform their bank, report the case to the Belgium Financial Services and Markets Authority and the police, keep records of communications and payments, and be alert to so-called recovery room scams.