licencemap
Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

🇧🇪 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

Etablissement de monnaie electronique (EME) under the Law of 11 March 2018 on the status and supervision of payment institutions and electronic money institutions (transposing EMD2/PSD2); a 'limited' e-money institution exemption tier (etablissement de monnaie electronique limite) also exists for small-scale issuers under Art. 111 of the same law

Verified 2026-07-02 Source: National Bank of Belgium: https://www.nbb.be/en/financial-supervision-and-resolution/supervision-financial-institutions/payment-3

Regulator

National Bank of Belgium (Banque Nationale de Belgique / Nationale Bank van Belgie, NBB/BNB)

Verified 2026-07-02 Source: National Bank of Belgium: https://www.nbb.be/en/financial-supervision-and-resolution/supervision-financial-institutions/payment-3

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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EMIs authorised 🔒

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Key restrictions 🔒

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Safeguarding 🔒

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Recent changes

PSD3 and the PSR will merge the payment institution and EMI regimes into one licence that can issue e-money. Final texts published 23 April 2026, applicability targeted around 2028; existing EMIs are grandfathered but must update their file.

Verified 2026-07-02 Source: EU

Difficulty rating 🔒

Unlock difficulty rating with the Founder Pass Source: nbb.be

The decision numbers for Belgium are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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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.