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Belgium’s FSMA updates its crypto warning list with 28 fraudulent websites

 

Belgium’s Financial Services and Markets Authority (FSMA) announced Tuesday it has added 28 crypto trading platforms to its warning list. The regulator said that it has received a number of questions/complaints from consumers regarding those websites and has identified signs of fraud.

 

Here is the list of crypto trading platforms FSMA added to its warning list:

 

www.1st-cryptobank.com
www.bitc-international.com
www.boursebitcoin.com
www.ccg-investment.com
www.crownmanagers.com
www.crypto.bnd-group.com
www.crypto-access.com
www.cryptofrancecapital.com
www.cryptorama-bank.com
www.cryptos-marketplace.com
www.cryptowallet24.com
www.e-cryptoney.com
www.ecrypto-international.com
www.emarketstrade.com
www.executivecrypto.com
www.fair-oakscrypto.com
www.fast-coin.eu
www.globalmarkets-group.com
www.ldc-crypto-com
www.lgsinvestpartners.com
www.london-exchange.com
www.minedecrypto.com
www.mondial-investissement.com
www.placementcrypto.com
www.primecryptobank.com
www.truetrade-capital.com
www.vechain-wallet.com
www.wallet-coins.com

 

According to the Belgium regulator, the people behind the above websites are simply using cryptocurrencies to swindle consumers, as Bitcoin and the other coins are the hype of the year.

The only thing they actually do, however, is take customers’ money and disappear. It is as simple as that,” FSMA said in its official announcement. It also pointed out that its crypto warning list is not exhaustive.

 

Governments around the globe are searching ways to regulate the crypto currency market, which has become very popular among investors in recent years. Due to the fact that cryptocurrency trading providers worldwide are largely unregulated, an increasing number of people get scammed out of their money.

 

That being said, Thailand and the Philippines recently came out with some proposals in this regard. he Canadian government has also released an official draft law that requires crypto exchanges to report transactions over 10 000 CAD.

 

TAGS: FSMA  Belgium  cryptocyrrency  warning 
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