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On June 25, 2026, the Financial Services and Markets Authority (FSMA) announced that the transitional period for crypto-asset service providers (CASPs) expires on July 1, 2026. From this date, all CASPs operating in Europe must hold authorization as a CASP. Those without such authorization must cease offering crypto-asset services. The Markets in Crypto-Assets Regulation (MiCA) entered into force on December 30, 2024, establishing a harmonized framework for crypto-asset markets across the European Union. MiCA imposes operational, organizational, and prudential requirements on CASPs to mitigate potential risks to investor protection, market integrity, and financial stability. The regulation requires all service providers to obtain authorization to conduct their activities. CASPs already operating under existing national regimes benefited from a transitional period until June 30, 2026 to secure MiCA authorization. The European Securities and Markets Authority (ESMA) published a statement on April 17, 2026, reiterating expectations for compliance with the authorization requirement. As of the announcement date, no CASP holds authorization issued by the FSMA in Belgium, though some CASPs may obtain authorization before the July 1, 2026 deadline. CASPs that fail to secure authorization by this date must discontinue their operations in Europe. The FSMA's announcement serves as a final notice to market participants regarding the mandatory compliance deadline and the consequences of operating without proper authorization under MiCA.