latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Belgium Warns of 28 New Fraudulent Crypto Platforms – 78 in Total

Belgium Warns of 28 New Fraudulent Crypto Platforms – 78 in Total
Belgium’s Financial Services and Markets Authority (FSMA) has published a list of cryptocurrency platforms showing signs of fraud. The list currently contains 78 crypto platforms, including 28 platforms added on Tuesday. Despite warnings, the FSMA continues to receive complaints from consumers about these crypto firms.
Also read:  160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals
FSMA’s New Warning
Belgium’s Financial Services and Markets Authority (FSMA) announced Tuesday, September 4, that it has “updated its list of cryptocurrency trading platforms regarding which it has received questions/complaints from consumers and vis-à-vis which it has identified signs of fraud.”
The agency wrote:

Despite its earlier warnings the FSMA continues to receive new complaints of consumers who have invested in cryptocurrencies through these trading platforms. Hence, the FSMA repeats its warning against the fraudsters behind those platforms who are using cryptocurrencies to swindle consumers.

The agency started keeping a list of crypto trading platforms showing signs of fraud in February. Currently, there are 78 platforms on the list, including the latest 28 which the agency added on Tuesday.
Fraudsters “try to attract customers online through fake cryptocurrencies and huge profits,” the agency noted, emphasizing that “the only thing they actually do, however, is take the customers’ money and disappear. It is as simple as that.”
28 New Crypto Platforms Showing Fraudulent Signs
The 28 new platforms the ESMA warned about are,,,,,,,,,,,,,,,,,, ldc-crypto-com,,,,,,,,, and
The financial watchdog emphasized:

This list of cryptocurrency trading platforms is based solely on the findings of the FSMA, in particular as a result of consumers’ reports. As such, it does not include all the companies which might be operating unlawfully in Belgium in that sector.

Many fraudulent platforms “claim to be active in the cryptocurrency trade,” the agency noted. However, after investing in cryptocurrencies through these platforms, consumers either “never recover the funds invested,” or “they simply have heard nothing further from the company after investing their money.”
Furthermore, the FSMA added that “some of these platforms also offer other financial products with cryptocurrencies as underlying asset,” such as “savings accounts with supposedly guaranteed returns, servicing rights or derivative products such as CFDs.”
What do you think of the FSMA’s list of crypto platforms showing signs of fraud? Let us know in the comments section below.

Images courtesy of Shutterstock and the FSMA.

Need to calculate your bitcoin holdings? Check our  tools  section.
The post Belgium Warns of 28 New Fraudulent Crypto Platforms – 78 in Total appeared first on Bitcoin News .

- - - - -

Thank you for Share!

Read the full Article

Read the full Article: Belgium Warns of 28 New Fraudulent Crypto Platforms – 78 in Total

Search Crypto News


The latest Top News, from leading exponents of BlockChain, Bitcoin and Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Cypto Currencies World.

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


24h Most Popular News