Aurum Foundation was added to the Belgian Financial Services and Markets Authority (FSMA) warning list after the regulator determined the platform operates in Belgium without the authorization required under the EU Markets in Crypto‑Assets (MiCA) framework.
Regulatory Action by the FSMA
The FSMA’s latest notice identifies six crypto‑asset service providers—Aurum Foundation, Bank Bit, Bithf Pro, Dxago, Global Dynamic Trade and ZeriaFunding—as unauthorized operators. The regulator classifies these firms as fraudulent CASPs because they offer crypto services in Belgium without MiCA approval. This enforcement step follows the EU’s July 1 licensing deadline, marking the end of the MiCA transition period.
Impact on Crypto Services in Belgium
Now that the transitional arrangements have expired, only CASPs listed in the official register may provide regulated crypto services such as custody, trading platforms, crypto‑to‑fiat and crypto‑to‑crypto exchanges, order execution, transfer services, investment advice and portfolio management. The restriction aims to protect investors and stabilize the crypto market by ensuring that all blockchain‑based services meet EU compliance standards. Unauthorized platforms risk penalties and may be forced to cease operations.
Guidance for Investors
The FSMA urges crypto investors to avoid responding to offers from the six named platforms and to verify a service provider’s registration status before engaging in any transaction. Checking the official CASP register helps safeguard against fraud and reduces exposure to price volatility driven by unregulated activities. By adhering to the new MiCA rules, investors can participate in a more transparent and secure blockchain market.