de | cn | ru

Market News

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 
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Market News

BaFin orders Olympus Markets to cease operations in Germany

Apr 24 2019 10:47:32

  The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has ordered unregulated forex broker Olympus Markets to cease offering illegal cross-border trading services to German investors on Tuesday. Read more

CONSOB warns Swissinv24, 4xpremium, AGM Group, IWC Invest and GMT Crypto are clone firms

Apr 23 2019 13:00:37

 The Italian financial regulator CONSOB warned investors that Swissinv24, AGM Group, IWC Invest, 4xpremium and GMT Crypto are companies, and has ordered all o of them to cease their illegal operations in the country. Read more

Accent Forex ends up on FCA’s warning list

Apr 22 2019 11:48:24

  The British financial regulator warned the public against forex broker Accent Forex previous week. The Financial Conduct Authority (FCA) has recognized this broker as an unauthorized financial services provider illegally targeting local investors. Read more

AFM also plans to make ESMA’s product intervention measures permanent

Apr 18 2019 13:13:32

  The Dutch financial regulator AFM announced its plans to make the product intervention measures of the European Securities and Markets Authority (ESMA) permanent. Read more

BaFin joins FCA and other regulators in warning against Wise Banc

Apr 17 2019 17:15:37

  Germany’s federal financial supervisory authority (BaFin) warned against Wise Banc and ordered it to cease offering cross-border proprietary trading services to German investors.   A brief review of the broker’s website (www.wisebanc. Read more

FCA updates its warning list with CryptoExp, CapitalXP, and 4XFX

Apr 16 2019 14:44:31

  The Financial Conduct Authority (FCA) has recently updated its warning list with unregulated brokers CryptoExp, CapitalXP, and 4XFX. According to the regulator, these brokers have been providing financial services or products in the UK without its authorization. Read more

CySEC warns CryptoCapitalFX is a clone

Apr 12 2019 14:36:41

  The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that CryptoCapitalFX (operating via www. cryptocapitalfx.com) is not licensed to provide investment services in the country. Read more

ASIC warns that some Australian brokers are soliciting European clients

Apr 11 2019 14:31:20

  The Australian Securities and Investments Commission (ASIC) made an official statement, warning local forex brokerages to be careful not to break any overseas laws while offering OTC derivatives to retail investors in Europe and other overseas jurisdictions. Read more

Spain’s CNMV updates its warning list with a bunch of shady brokers

Apr 10 2019 17:36:00

  The Comision Nacional del Mercado de Valores (CNMV) has updated its warning list with BrokerYard, Capital245, CryptoEU, Pepperdyne, and UproFX, among others, earlier this week. Read more

UK’s FCA blacklisted unregulated broker Hope Area

Apr 09 2019 09:50:06

  UK’s financial markets and services regulator, the Financial Conduct Authority (FCA), blacklisted unregulated forex and binary options broker Hope Area on Monday.   “This firm is not authorised by us and is targeting people in the UK. Read more

de | cn | ru