Belgian financial watchdog’s crypto warning list hits 120 websites

  • The Financial Services and Markets Authority (FSMA) of Belgium added seven new websites to their crypto warning list, taking the overall number to 120.
  • The Belgian watchdog is one of many financial regulators with their own warning lists. 

The Financial Services and Markets Authority (FSMA) of Belgium released a statement that they have added seven new trading platforms to their crypto warning list, taking the overall number up to 120 websites. The websites have been flagged as a result of user complaints. FSMA has flagged the following sites: www.bearsmarkets.com, www.btckingdom.com, www.directco-invest.com, www.maisonducoins.net, www.novoplacement.com, www.ripae-homine.com and www.tribelylimited.com.

FSMA stated:

“The principle remains the same: they offer you an investment they claim is secure, easy and very lucrative. They try to inspire confidence by assuring you that you don’t need to be an expert in cryptocurrencies in order to invest in them. They claim to have specialists who will manage your investments for you. You are told that your funds can be withdrawn at any time or that they are guaranteed. In the end, the result is always the same: the victims find themselves unable to recover their money!”

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