The Belgian Financial Services and Markets Authority (FSMA) has updated their ongoing list of businesses reported to operate cryptocurrency scams. With this most recent addition of 14 websites the “blockchain blacklist” has now expanded to 113 websites to avoid.
The FSMA has been updating their blacklist throughout 2018. In March, the Brussels Times reported that Belgian tax authorities had started hunting for cryptocurrency investors. “Anyone speculating on the cryptocurrency market must pay tax of 33% on gains made, and declare these within the section ‘miscellaneous income’ on their tax return,” the Times reported.
Despite warnings from the FSMA consumers continue to log complaints regarding fraudulent activity on cryptocurrency exchanges. The FMSA has warned consumers to look out for various red flags. FSMA warns:
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.
Further, these organizations:
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 You are told that your funds can be withdrawn at any time or that they are guaranteed.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!
The latest websites added to the Belgian Financial Services and Markets Authority’s Blockchain Blocklist include:
- www.ajassetmanagement.com
- www.cabinet-finsbury.com
- www.capital-coventry.com
- www.capital-secure.com
- www.capitalmarketing-internationalltd.com
- www.cashlesspaygroup.com
- www.cobber-finance.com
- www.conseil-premium.com
- www.cryptomonaies.com
- www.direct-ep.com
- www.epargnecapital.com
- www.gbe-capital.com
- www.moneo-invest.com
- www.phoenix-gm.com
The full list can be found here.
