🇧🇪 MiCA Crypto License in Belgium: What You Need to Know

MiCA became fully enforceable across the EU – including Belgium – on 30 December 2024. While EU law applies directly, Belgium is still finalizing the domestic framework to assign supervision and licensing authority to FSMA.

MiCA Key Dates for Belgium

• 30 June 2024 – EMT/ART rules come into effect EU‑wide.
  
  
• 30 December 2024 – Full MiCA enforcement begins.
  
  
• 1 July 2026 – Transitional period ends; non-authorized CASPs must cease operations. 

CASP Compliance Checklist for Belgium

1. Prepare for FSMA registration, once Belgium establishes its MiCA authority.
   
   
2. Transitional regime allows existing non-Belgian EU CASPs active before 30 December 2024 to operate until mid-2026.
   
   
3. Establish or use EU passporting: foreign-licensed CASPs can serve Belgian clients now.
   
   
4. Comply with MiCA licensing standards – AML, governance, capital, white‑paper rules – preparing documentation per ESMA templates.
   
   
5. Stay ready for FSMA oversight: registration, secure IT systems, central administration, and adherence to advertising and consumer‑protection obligations under MiCA.
   
   

What’s Happening Now in Belgium

• Belgium has not yet empowered FSMA to grant MiCA licenses, causing a regulatory pause, though EU passporting still applies
• KBC Bank is pursuing its CASP license to offer crypto trading via Bolero, targeting retail investors.
• CACEIS (France) obtained a MiCA license and is now passporting services into Belgium.
  
  

Key Takeaways

• MiCA applies, but Belgium’s licensing system is still pending, meaning domestic CASPs await FSMA’s go‑ahead.
  
  
• Cross-border CASPs can operate under passporting during the transition.
  
  
• 🇧🇪 Belgian banks like KBC are stepping into crypto as licensing frameworks settle.
  
  
• FSMA is reinforcing consumer protection, from advertising controls to secure systems and AML oversight.
  
  

Scorechain Solution for MiCA Compliance?

By leveraging Scorechain’s compliance suite, Belgium CASPs can:

• Navigate MiCA requirements seamlessly
  
  
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• Maintain transparent reporting with audit-ready logs
  
  
• Empower internal governance and satisfy board suitability standards
  
  

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