Belgian Website to alert Crypto Investors about Scams

Belgium authorities are supporting a new website constructed for the unsuspecting public to notice attributes of a possible crypto scam on the Internet
06 June 2018   490

The title ‘Too Good To Be True’  admonish the investors that practically everyone could create a crypto token and thus make it the “hype of the year.” It might be applied for “scams, drug trafficking, terrorism or any other criminal activity’’ and therefore it is necessary to be vigilant to see the signs of a potential fraud. The country doens`t have different regulations for cryptocurrencies as it is considered to be the other forms of digital money.

As crypto scammers seem so reliable, it is claimed that anyone looking to fund an Initial Coin Offering should research the people behind the project, which usually pledges great returns. It is also recommended to be careful with the site when “paying online with cryptocurrencies, investing in sports betting with crypto coins, and other platforms for investments in virtual currencies.” 

Another prominent feature on the website is a search bar that the developers assure they can help internet users to find out whether a website is fraudulent or not. This field will likely be filled with user-reported websites as a notice added to the checker service affirms that its developers would not be held responsible for any errors. 

The video includes of testimonial from individuals who became the victims of crypto scammers on the Internet, a highly informative FAQ page, and a ‘report case’ form sum up the other features of the website. The Belgian Federal Public Service Economy and the Financial Services and Markets Authority contributes to the new website as part of an initiative by the Belgian government to create public conversance about cryptocurrencies.

There is also a list of 19 crypto exchanges with presented fraud occasions by customers and warned against investment by members of the public.

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Zb.com to Open Office at Malta

Country made another step froward to leadership in blockchain industry
16 August 2018   125

Fifth in terms of the daily trading volumee exchange ZB.com announced plans to open a representative office in Malta. This is reported by CCN.

Secretary of the Malta Parliament for Digital Innovation and Finance Silvio Schembri said that the opening of ZB.com will be another step in the country's leadership in the blockchain industry.

At first, the Maltese branch of ZB.com will offer customers only cryptocurrency exchange, and subsequently also plans to add support for the currency. ZB.com will be the third exchange in Malta, following the offices of Binance and Bitbay, which offers the exchange of digital currencies for fiat money.

Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon.
 

Jimmy Zhao

Co-founder, ZB.com

Zhao said that he was invited to Malta by his business partners and met with government officials to discuss the possibility of opening a representative office.

According to CoinMarketCap, the volume of deals on ZB.com for the last 24 hours was areoud $ 267M. The most popular trading pairs on the platform are BTC / USDT, Dash / USDT, Qtum / USDT and ETH / USDT.