14 new websites have been added to the ever-growing list of websites identified as cryptocurrency investment scam platforms by the Belgium Financial Services and Market Authority (FSMA).
The FSMA has 113 Scam Websites on its Blacklist
Presently, there are 113 scam websites on the list, including the newly added ones. The aim of FSMA is to protect Belgian investors from the rapidly growing threat of crypto scams.
In 2016, FSMA issued several warnings to local investors cautioning them against investing their money in an online investment scheme, particularly, any of the 113 websites cited on its blacklist. This was done in order to lay emphasis on the severity of the threat posed by these ventures.
The 14 websites which were added to the blacklist are,
The newly released statement is the third investment advisory notice opposing cryptocurrency scams put forth by the FSMA in 2018 alone following previous statements in February and October because of the non-stopping adoption of cryptocurrencies which makes them a good way to attract investment from across Europe and Asia, and in Belgium by these scammers.
Different Methods But Same Focus
The regulator in its statement reflected on the fact that although they all have different sale tactics, the fact still remains that the main aim is to convince investors to drop their money using different methods followed by certain loss and disappointment.
The regulator explains this is in its statements which read:
“The principle remains the same: they offer you an investment they claim is secure, easy and very lucrative. They try to inspire confidence by assuring you that you don’t need to be an expert in cryptocurrencies in order to invest in them. They claim to have specialists who will manage your investments for you. You are told that your funds can be withdrawn at any time or that they are guaranteed. In the end, the result is always the same: the victims find themselves unable to recover their money!”