Belgium’s FSMA Recent Alert: List of ‘potentially false’ Cryptocurrency Trading Platforms
Belgium’s Financial Services and Markets Authority that keeps a check on the financial sector of the country have repeatedly been warning people against cryptocurrency frauds.
Recently, they have come up with an updated list of trading platforms that they have identified as possible threats for the consumers. The list contains the name of those platforms against whom the consumers have lodged complaints.
This list contains information that would assist the prospect investors looking out for investment.
FSMA has clarified that the list is not a full proof evidence but merely based on the analysis done by the financial watchdog. Therefore, the list doesn’t contain the exact false operators of cryptocurrency.
FSMA also reminds the citizens that trading platforms try to lure customers within sometime. As FSMA quoted,
‘Invest in cryptocurrencies with full confidence.’
‘Invest in digital currencies in full confidence on one of the most reputed platforms on the market.’
‘XXX: trading in cryptocurrencies easily accessible at last!’
FSMA has also stated that some trading platforms lure customers with better schemes for eg. a savings account that ensures 100% returns or servicing rights or derivative products like CFDs.
FSMA has always been active in educating people and prospect investors as well on its forum. The institution has their own “consumer contact form” to address consumer queries.
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Image via FSMA (Belgium)