Belgium regulator blacklists 7 scam websites

Belgium regulator blacklists 7 scam websites

The Financial Services and Markets Authority (FSMA) in Belgium has added seven new websites to its list of brokers, which have been flagged as scammers.

The seven new scam websites, about which the Belgium authorities have received complaints, are focused on the crypto market and have been illegally targeting clients in Belgium and elsewhere in the EU.

The blacklisted websites are www.bearsmarkets.com, www.btckingdom.com, www.directco-invest.com, www.maisonducoins.net, www.novoplacement.com, www.ripae-homine.com and www.tribelylimited.com.

In addition FSMA issued an official warning on its web page, reminding investors to consider carefully any investment in crypto assets:

“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,” according to the FSMA. “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 You are told that your funds can be withdrawn at any time or that they are guaranteed.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!”

Currently the FSMA has added more than 120 scam websites to its blacklist.

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