FSMA Repeats The Warning By Updating The List Of Suspicious Sites
FSMA, Financial and Services Marketing Authority of Belgium were flooded with new reports from the investors who had responded to the fraudulent offers related to investment in cryptocurrencies. The authority is continuously warning the investors since last one year and recently updated the list of cryptocurrency trading platforms and websites which have been identified as suspicious. The list has reached to 141 sites.
FSMA Unveiled The Suspicious SitesFSMA regularly informs the crypto enthusiasts to protect the customers from extortion. It explains the fundamental principle that is followed by scammers; they offer a lucrative investment offer to generate high returns and trap the customers by assuring the safety of coins. When the user is a pitfall after paying its first instalment, their funds will be lost altogether.
Supervisory authority updated the list of recently identified websites which is based primarily on the findings of FSMA based on the reports of consumers. The list only contains the suspicious sites but not mentions the sites which are operating illegally in Belgium.
Role Of Belgium To Safeguard Crypto InvestorsIn the present era where technology penetration is gaining traction, crimes and scams related to the internet are also pacing up. As the crypto space is expanding day by day, fraudulent schemes are taking advantage of the money-making sector. The fraudsters tempt the new investors and also to the investors who are in haste to earn profits.
Series of warnings and regulations are circulated by the government and related authorities to safeguard the netizens, but still many of the crypto enthusiasts get duped. Belgian authorities are maintaining the list since last year and even regularly update the list as and when find the suspicious sites. “If it’s too good to be true, it’s not true”, a campaign was started by the Belgium government to raise the awareness of the menaces posed by cryptocurrencies.
About The Author
Tarulika JainAn engineering graduate, focussing on latest trends of cryptocurrency. As an economic enthusiast, she likes to read about the changing economies of world.
Kraken Poll Involving Traders Suggests Good T...Zain Raza 14:53 PM 28 Mar 2020
FBI Arrests Russian Hacker And Shuts Deer.io ...Jyoti Singh 14:21 PM 28 Mar 2020
KuMex Planning to Launch Tether on Blockchain...Vandana Malik 14:12 PM 28 Mar 2020
Ficto New Blockchain-Based Online Streaming A...Jyoti Singh 13:00 PM 28 Mar 2020
Hive Tokens are Above Steem After a Week of T...Vandana Malik 12:51 PM 28 Mar 2020
Russian Police Ceases Illegal Bitcoin Mining ...Jyoti Singh 12:44 PM 28 Mar 2020
Crypto_bitlord Leaves Twitter, Says he Has Ha...Zain Raza 13:05 PM 28 Mar 2020
SilkRoad Founder Ross Ulbrichts's Celenbrates...Zain Raza 11:36 AM 28 Mar 2020
Kraken Looking Forward to Increase Job Force ...Vandana Malik 10:00 AM 28 Mar 2020
DPW Temporarily Shuts Mining Business After B...Jyoti Singh 08:44 AM 28 Mar 2020