Belgium’s Watchdog Warns against Cryptocurrency Platforms

[kreslik.news]

Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), today said it continues to receive new complaints of consumers who have invested in cryptocurrencies. The watchdog, therefore, has updated its 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.

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The warning also comes as European finance ministers are scheduled to discuss cryptocurrency this week to investigate benefits ... (read more)