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🇧🇪 Belgium

FSMA-led MiCA CASP regime, only legally operative since the Act of 11 December 2025 entered into force in January 2026

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

MiCA CASP authorisation under Article 63 MiCA, given domestic legal effect by the Belgian Act of 11 December 2025 (published in the Belgian Official Gazette 24 December 2025, entered into force 3 January 2026). Before this Act, MiCA was directly applicable EU law but Belgium lacked a domestic supervisory/sanctioning framework, creating a practical gap.

Verified 2026-07-02 Source: ICT Legal Guide: https://www.ictrechtswijzer.be/en/crypto-assets-in-belgium-an-analysis-of-the-law-of-december-11-2025-and-the-implementation-of-mica/

Regulator

FSMA (Financial Services and Markets Authority) is the competent authority for CASPs that are not credit institutions or stockbroking firms, this covers the great majority of pure-play exchanges and custodians and includes both prudential and conduct-of-business supervision under Article 63. The National Bank of Belgium (NBB) takes the prudential lead where the CASP is (or is part of) a credit institution.

Verified 2026-07-02 Source: DLA Piper: https://www.dlapiper.com/en/insights/publications/2025/10/implementing-mica-in-belgium

Capital requirement 🔒

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Timeline to authorisation 🔒

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Local substance 🔒

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Application cost 🔒

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Ongoing cost 🔒

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Passporting 🔒

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MiCA CASPs approved 🔒

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Key restrictions 🔒

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Recent changes

The Act of 11 December 2025 (Belgium's MiCA implementing law) was the single biggest development: it was published 24 December 2025 and entered into force 3 January 2026, only then giving FSMA/NBB a full domestic legal basis for authorisation, supervision and sanctions. Before that date Belgium had a live enforcement gap despite MiCA being EU law since December 2024. As of last check, 0 CASPs were authorised in Belgium, consistent with the regime being newly operative.

Verified 2026-07-03 Source: Aeacus: https://www.aeacus.be/en/post/mica-becomes-enforceable-in-belgium-the-implementing-act-as-a-legal-turning-point-for-crypto-activi

Difficulty rating 🔒

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Belgium's regulator and qualified local counsel before acting.