Regulations
By Dan Saada
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Six Providers, Zero Names. Here's the murky part: the FSMA hasn't released the names of the six flagged providers.
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What MiCA Actually Changed. MiCA is the EU's attempt to build a single, coherent rulebook for crypto-assets across all 27…
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Consumer Risk in a Tighter Market. Fraudulent crypto operations aren't new. Scams, rug pulls, and unlicensed platforms have been a…
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Belgium's financial watchdog just put six crypto firms on blast. The Financial Services and Markets Authority — the FSMA — added six crypto-asset service providers to its…
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That transitional period was basically a grace window. Crypto firms operating across the EU had time to get their paperwork sorted, apply for proper authorization, and align…
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Here's the murky part: the FSMA hasn't released the names of the six flagged providers. That's unusual, and probably frustrating for investors trying to figure out if they've…
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The FSMA urged vigilance. It pushed the message that due diligence isn't optional anymore. Before handing over funds to any crypto firm operating in Belgium, investors should…
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No details yet on what penalties the flagged providers might face. The agency said further updates could follow as more information becomes available.
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See also: Ripples Luxembourg MiCA License Upgrade Opens 30-Country EEA Access
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The transitional period gave existing firms a runway. They could keep operating while they worked toward full compliance. But that runway is gone now.
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And the FSMA isn't alone. Across the EU, national competent authorities are expected to ramp up enforcement now that the transitional cushion is gone.
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The crypto industry has known this moment was coming. Exchanges, custodians, and wallet providers that took MiCA seriously spent the past couple of years restructuring compliance…
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Fraudulent crypto operations aren't new. Scams, rug pulls, and unlicensed platforms have been a persistent problem across Europe and globally.
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The FSMA's move fits into that bigger picture. By flagging these six providers shortly after the transitional deadline, the agency is sending a message to the market: the era of…
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More context: Congress Races the Clock on Crypto Rules as Midterms Close In
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