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Belgian Finance Authorities issue warning over suspected crypto sites

Friday 1 November 2019 12:28 CET | News

Belgium’s Financial Services and Markets Authority (FSMA) has issued a warning over suspected cryptocurrency scam websites.

The financial authority added 9 domains, including bitcoinmarketscap.com, bitcointraderspro.com, coinsmex.com, crypto-sfs.com, etc-markets.co, fisherih.com, ltc-markets.com, stsroyal.com and tdscapitalgroup.com to the list of crypto trading platforms with ‘signs of fraud’. This announcement brings the list to 131 domains.

The anatomy of such frauds continues to be the same, with scammers promising riches in easy steps, regardless of prior knowledge of cryptocurrencies. But, eventually, the victims find themselves unable to recover their money, the FSMA noted.

Currently, the domains have not been shut down or blacklisted by the regulator, according to CoinDesk.
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Keywords: cryptocurrency, scam, fraud prevention, online security, Belgium, Bitcoin
Categories: Fraud & Financial Crime
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Countries: Belgium
This article is part of category

Fraud & Financial Crime






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