Belgium’s FSMA Warns Over Unregistered Cryptocurrency Platforms

[kreslik.news]

Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), has issued a warning against the unauthorized activities of multiple ‎cryptocurrency platforms that are offering investments in the country without ‎complying with Belgian financial legislation.‎

The investor alert represents the FSMA‎’s latest effort to police the rampant internet-based ‎cryptocurrency schemes which operate into a zone that the ‎watchdog regulates.

Other European regulators have been also skeptical about ‎cryptocurrencies and see them as a threat to financial stability.‎ The UK FCA has recently warned against unregistered brokerage firms that appears to be offering cryptocurrency-related derivatives in the country.

Based on its investigation, ... (read more)