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MiCA licence in Belgium: FSMA

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eumica editorial
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ESMA data
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Short answer

FSMA / National Bank of Belgium (NBB) authorises crypto-asset service providers whose home state is Belgium. The national MiCA transition ran until 1 July 2026. ESMA’s CASP data dated 6 October 2026 lists 2 current entries with Belgium as home state, and 193 firms authorised elsewhere that notified services into Belgium.
CASP authority
FSMA
Transition ended
1 July 2026
CASPs with Belgium as home state
2
Firms passported into Belgium
193
On this page9 sections
  1. Who authorises CASPs in Belgium?
  2. CASPs authorised in Belgium
  3. Services held by CASPs in Belgium
  4. Firms passported into Belgium
  5. Tracked exchanges in Belgium
  6. Article 110 warnings
  7. How to apply for a MiCA licence in Belgium
  8. Frequently asked questions
  9. Sources

Who authorises CASPs in Belgium?

FSMA / National Bank of Belgium (NBB) is the competent authority for the crypto-asset service provider rules in Title V of MiCA when Belgium is the home state. It receives Article 62 applications, decides on Article 63 authorisation and receives Article 60 notifications from eligible financial entities. The authority depends on the entity type. The FSMA normally handles a standalone CASP.

Lead CASP authority
FSMA
FSMA / National Bank of Belgium (NBB)
Transition ended
1 July 2026
Article 143(3) period as notified to ESMA
Authorities in ESMA’s CASP file
1
National Bank of Belgium (NBB)
White papers notified here
0
0 other crypto-assets (Title II), 0 e-money tokens (Title IV)

The authority link opens the official regulator site. ESMA publishes the interim MiCA register that this page reads, and the searchable CASP register holds every entry from it.

CASPs authorised in Belgium

ESMA’s CASP data dated 6 October 2026 lists 2 current entries with Belgium as home state. The earliest authorisation date is 20 July 2026 and the latest is 20 July 2026. Names link to our exchange record where we track the brand, and to the register row otherwise.

Current CASP entries with Belgium as home state, ESMA data dated 6 October 2026
BNY SA/NVBNY2/101/30
KBC Bank NVKBC-3/101/30

Services are the ten MiCA service letters a to j. EEA reach counts the home state plus each host state ESMA lists for the entity.

Services held by CASPs in Belgium

Each bar counts the current entries with Belgium as home state that hold the service. Most firms combine several services, so the bars add up to more than 2.

  1. aCustody and administration of crypto-assets for clients2
  2. bOperation of a trading platform for crypto-assets0
  3. cExchange of crypto-assets for funds (fiat)0
  4. dExchange of crypto-assets for other crypto-assets0
  5. eExecution of orders for crypto-assets on behalf of clients1
  6. fPlacing of crypto-assets0
  7. gReception and transmission of orders for clients0
  8. hAdvice on crypto-assets0
  9. iPortfolio management on crypto-assets0
  10. jTransfer services for crypto-assets on behalf of clients2

Firms passported into Belgium

In all, 193 firms authorised in another EEA state may serve residents of Belgium. Each one lists Belgium as a host state for at least one current service in ESMA’s file, through the Article 65 cross-border notification route. Most come from France (30), the Netherlands (23), Cyprus (20) and Malta (18).

Show all 193 firms notified into Belgium

Tracked exchanges in Belgium

We track 52 licensed exchange and broker brands. The groups below sort them by ESMA’s home and host states for Belgium.

Authorised in Belgium 0

No tracked brand has Belgium as home state.

Notified into Belgium 43

Licensed, not notified for Belgium 9

No current MiCA authorisation 7

A missing notification means ESMA’s file names no service in Belgium for that legal entity. The brand may still reach Belgium through another group entity or a later notification, so check the record before you rely on it. Platforms in the last group restrict EEA services or are still applying; see exchanges without a MiCA licence.

Article 110 warnings

ESMA’s Article 110 file dated 16 September 2026 holds 6 entries reported from Belgium: entities that provided crypto-asset services without MiCA authorisation. Websites are left out on purpose.

  1. Aurum Foundation1 website
  2. Bank Bit1 website
  3. Bithf Pro1 website
  4. Dxago1 website
  5. Global Dynamic Trade1 website
  6. ZeriaFunding1 website

The MiCA warning list shows every entry with its reporting state and date.

How to apply for a MiCA licence in Belgium

A firm with its registered office and effective management in Belgium applies to FSMA for authorisation under Article 63. The Article 62 file covers the services in scope, governance, at least one EU-resident director, prudential safeguards, safeguarding of client assets, complaints handling and the business continuity and ICT controls that DORA requires.

Credit institutions, investment firms, e-money institutions, UCITS management companies, market operators and other entities listed in Article 60 can instead notify FSMA of equivalent services. They must notify at least 40 working days before they first provide the services.

MiCA routes for a CASP with Belgium as home state
RouteWho uses itStatutory timing
Article 63 authorisationA new crypto-asset service provider25 working days to check completeness, then 40 working days to assess the complete file
Article 60 notificationAn entity already authorised as a bank, investment firm, e-money institution or similarNotification at least 40 working days before the first service
Article 65 notificationA CASP authorised in another EEA state that wants to serve residentsThe home authority forwards the notification to the host state
Annex IV minimum capital by class for an Article 63 CASP
MiCA classMinimumTypical service scope
Class 1€50,000Orders, execution, placing, transfers, advice and portfolio management
Class 2€125,000Class 1 plus custody and crypto exchange services
Class 3€150,000Class 2 plus operating a crypto-asset trading platform

Article 67 sets the requirement at the higher of the Annex IV minimum or one quarter of the previous year’s fixed overheads. The statutory periods cover the regulatory review only: preparation and questions from the authority add time. The CASP licence guide maps the services, documents and process, and the MiCA licence cost guide separates capital from fees and running costs.

Frequently asked questions

Who issues a MiCA CASP licence in Belgium?

FSMA / National Bank of Belgium (NBB) is the competent authority for crypto-asset service providers with Belgium as their home state. The authority depends on the entity type. The FSMA normally handles a standalone CASP. The authority reports each authorisation to ESMA, and the entry then appears in the EU-wide interim MiCA register.

How many CASPs are licensed in Belgium?

ESMA’s CASP data dated 6 October 2026 lists 2 current entries with Belgium as home state. The earliest authorisation date is 20 July 2026 and the latest is 20 July 2026. A further 193 firms authorised in other EEA states list Belgium as a host state under Article 65.

When did the MiCA transition period end in Belgium?

An eligible firm could rely on the national transition in Belgium until 1 July 2026. After that date a provider needs its own MiCA authorisation, a valid Article 60 notification or an Article 65 notification from another EEA home state.

Can a crypto firm licensed in another EU country serve customers in Belgium?

Yes, through Article 65. A CASP authorised in another EEA state tells its home authority which services it will provide in Belgium, and that authority forwards the notification. ESMA’s data lists 193 such firms for Belgium. They do not need a separate CASP licence in Belgium, although local rules outside MiCA, such as marketing, tax and anti-money-laundering requirements, can still apply.

Sources

Official sources

  1. FSMA / National Bank of Belgium (NBB): official sitefsma.be
  2. ESMA interim MiCA registeresma.europa.eu
  3. ESMA’s Article 93 competent-authority listesma.europa.eu
  4. ESMA’s Article 143 transition listesma.europa.eu
  5. Regulation (EU) 2023/1114 on EUR-Lexeur-lex.europa.eu

Register data through 6 October 2026; Article 110 data through 16 September 2026. Reviewed 14 October 2026. Authority responsibilities and firm counts change; confirm the current position with the authority and ESMA before acting. This page gives general information and does not provide legal, tax, regulatory or investment advice.

Compare the other EEA states

The country comparison lists the authority and current CASP count for all 30 EEA states. The register shows every legal entity behind the totals.

Compare 30 countriesSearch the CASP register

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