Belgium’s top regulatory authority ‘Financial Services and Market Authority’ “FSMA” has recently declared in an announced that digital currencies are on a hike at this year. The FSMA is a public body that supervises the Belgian financial sector along 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:
“Fraudsters are always aware and trying to attract the users via fake digital currencies and big profits. The sole thing they really do, however, is take the cash and disappear. It’s just as easy as that.”
The officials moreover mentioned a list of 28 platforms that they stated are illicit in nature, and the agency aforesaid that it issued the update “based entirely on the findings of the FSMA, especially as per consumers’ reports.”
Later in Feb. this year, FSMA issued its 1st warning on crypto scams, stating that the users who trust suspicious-looking websites with their assets, never recover the funds endowed or simply have heard nothing further from the firm with which they invested.