Belgium authorities blacklist 9 new crypto scams

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The financial authorities in Belgium have updated their warnings list with nine new potential scams, most of which focused on the crypto currency market.

With the latest additions the warnings list of the Financial Services and Markets Authority (FSMA) has grown to 131.

FSMA quotes a number of complaints by Belgium customers, who have fallen victims to the scams, pointing out that the scam scenarios continue to be basically the same – scammers promise fast and easy returns with gradual investment steps, without prior knowledge of the crypto currency market.

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Good thing that in Belgium government actually doing something for that matter anyway and I do not really want to make something like that possible in any other country anyway. I do hope to make it better if needed.

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A lot of governments are starting to pay attention to the scams going on in this industry and that can only be a good thing, I think.