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Belgian regulator flags potentially fraudulent crypto-trading platforms after blacklisting 120 websites

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Belgian regulator flags potentially fraudulent crypto-trading platforms after blacklisting 120 websites
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The Belgian Financial Services and Markets Authority [FSMA] identified seven new cryptocurrency trading websites in Belgium which could potentially be fraudulent. The financial authority admitted to receiving complaints from Belgian consumers who had invested in digital assets through these platforms.

The regulator stated,

“The cryptocurrency fraud continues making victims in Belgium. Hence, the FSMA repeats its warning against the fraudsters behind those platforms who are using cryptocurrencies to swindle consumers.”

One hundred twenty websites, including many new ones, were deemed as malicious entities in an official statement released by the FSMA. The following were the newly identified suspicious websites cited by the watchdogs,

  • www.bearsmarkets.com
  • www.btckingdom.com
  • www.directco-invest.com
  • www.maisonducoins.net
  • www.novoplacement.com
  • www.ripae-homine.com
  • www.tribelylimited.com

According to the findings of the FSMA, these platforms offer its customers investments which are “secure, easy and very lucrative.” The report said that these malicious sites lured customers by posing as specialists in managing their investments. Following this, the users on such platforms were assured that their funds can be withdrawn at any time and that they were “guaranteed.” In the end however, the victims were left in a position where they were unable to recover the invested amount in any manner.



The regulator also clarified that the warning list did not contain crypto-platforms operating unlawfully in the country.

As new complaints continued to pour in, the list was updated to list 120 websites over the previous 113 that the watchdogs had previously revealed. In December 2018, FSMA outlined 133 potential scamming trading portals. Additionally, the FPS Economy, in collaboration with the FSMA, launched a website to create awareness about the risks associated with cryptocurrency trading in June 2018.





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Bitcoin nirvana is happening right now, says Max Keiser

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Bitcoin nirvana is happening right now, says Max Keiser

Bitcoin’s price pump affected the altcoins’ valuation on an optimistic note. The digital coins recovered significantly this year after losing nearly 80% to 90% valuation since the market crash in the first quarter of 2018. As Bitcoin [BTC] continued to trade between $7,600 and $8,300, prominent analysts in the field speculated that the king coin could potentially spiral down a bit more. However, Max Keiser, a Wall Street veteran and host of the Keiser Report, who is also a noted Bitcoin bull is of the opinion that “crypto spring is here”.

The broadcaster, in the latest edition of the Keiser Report, stated,

“It’s just bleeding right into our lives we can hear the lawnmowers outside in there getting ready for crypto summer and then crypto fantasia crypto parallel dimension and the Bitcoin nirvana it’s all happening, it’s all happening, right now.”

Keiser also noted that the global economy was undergoing “deglobalization” which steemed out of uncertainty and volatility and added that there “was no way to hedge against that”.



Stacy Herbert, one of the most influential women in blockchain and a host alongside Keiser contributed to the discussion. She said at a time when deglobalization has hit the economy, one would certainly go along with Bitcoin. According to the broadcasters, trade wars between China and the USA was currently intensifying Herbert; While recalling history, they also took note that the empires started falling during the period of deglobalization which was eventually followed by the two world wars.

Keiser had previously remarked that “Bitcoin is hard money” very similar to gold, and added that it is going to “respond well to hyperinflation and hyper-money printing”.





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