Belgian Financial Authorities Warn The Users Of Cryptocurrency Fraud

Today fraud around cryptocurrency is more urgent than ever. The Financial Services and Markets Authority of Belgium (FSMA) published a list of cryptocurrency platforms showing signs of fraud.

The Financial Services and Markets Authority of Belgium (FSMA) announced that it updated its list of platforms for crypto-trade, in respect of which the agency received questions / complaints from consumers and in relation to which fraud was revealed.

Currently, the list contains 78 crypto platforms, including 28 platforms were added on Tuesday. Despite the warnings, the Office of Financial Services and Markets of Belgium (FSMA) continues to receive complaints from consumers about these cryptocurrency firms. FSMA said that “the cryptocurrency is the hype of the year” in the announcement published on September 3.

In February, the Financial Services and Markets Authority of Belgium (FSMA) issued its first warning of crypto fraud, claiming that people who trust suspicious sites their money “will never get back invested funds” or “just do not hear anything about the company in which they invested their money. “