Belgium’s top regulatory authority ‘FinancialServices and Market Authority’ “FSMA” has recently declared in an announced that digital currenciesare on a hike at this year. The FSMAis apublicbody that supervises the Belgianfinancialsectoralong with National Bank Of Belgium ‘NBB’.
The regulator further stated that the investors should always be careful from the fraudsters who are always aiming seeking huge profits through illicit activities and practices.
Mentioning further FSMA stated:
“Fraudstersare always awareand trying to attract the usersviafake digital currenciesand bigprofits.The solethingthey reallydo, however, is take thecashand disappear.It’s justaseasyas that.”
The officialsmoreover mentioneda listof28platforms thatthey stated are illicitin nature,and theagencyaforesaidthat it issued the update “basedentirelyon the findings of the FSMA,especiallyas per consumers’ reports.”
Later in Feb. this year, FSMA issued its1stwarning on crypto scams,statingthat the users who trust suspicious-looking websites with theirassets,never recover the fundsendowed or simply haveheard nothing further fromthe firmwithwhichthey invested.