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The Belgian organization Watchdog updates the black list of crypto sites

According to an official statement of April 4, the Financial Services and Markets Authority of Belgium (FSMA) updated the black list of crypto sites related to fraud.

After a previous update of the blacklist of cryptocurrency fraudsters, in December 2018, FSMA added seven new crypto-trading platforms where signs of fraud were found.

The blacklist now includes a total of 120 websites.

In a statement, the financial authority noted that it continued to receive new consumer complaints that invested in cryptocurrency on these trading platforms, adding that there is still crypto fraud in Belgium.

As in the previous update, the FSMA wrote that the list of sites related to crypto-protection is based solely on the findings of the authority, in particular, as a result of user reports. The regulator warned that the black list does not include all companies that may illegally work in Belgium in the field of cryptoindustry.

Last year, the Belgian financial institution FPS Economy (FPS) launched a website to raise awareness of the risks associated with crypto-investment. According to FPS, Belgian investors reported losses of about $ 2.5 million. The United States as a result of crypto fraud in 2017, which is estimated at only four percent of the total number of encryption fraud, and the total losses are estimated at $ 152 million. United States .

Yesterday, the European Union created the Trusted Blockchain Application Association (INATBA) in Brussels, Belgium. The charter of the blockchain alliance was signed by more than 100 members, including global technology giant IBM, Accenture and Deutsche Telekom, as well as firms associated with the blockchain, such as Ripple, Iota and ConsenSys.

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