Belgium's financial sector regulator has issued a fresh warning over suspected cryptocurrency scam websites, bringing its running list to 131 domains.
On Tuesday, the Financial Services and Markets 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."
The update comes following reports from Belgian consumers who fell victim to the scams, the agency said.
The FSMA noted that the anatomy of such frauds continues to be the same, with scammers promising riches in easy steps, regardless of prior knowledge of cryptocurrencies.
It warned, "In the end, the result is always the same: the victims find themselves unable to recover their money!".
The regulator says frauds continue to occur, regardless of its past warnings.
The domains have not been shut down or blacklisted by the regulator.
While this has occurred in the past - for example, coin mixing service bestmixer.io was shuttered this past spring by numerous European authorities - the FSMA does not have the ability to shut down sites it suspects of fraud.
Belgian Finance Watchdog Ups List of Suspected Crypto Scams to 131
gepubliceerd op Oct 31, 2019
by Coindesk | gepubliceerd op Coinage
Coinage
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.