Belgium Watchdog Adds 8 to List of Suspicious Companies

Financial regulator of Belgium - the Financial Services and Markets Authority has updated its web page with the new warning headline
21 June 2018   878

This headline claims: “CRYPTOCURRENCY TRADING PLATFORMS: BEWARE OF FRAUD!” Today the watchdog added 8 cryptocurrency exchanges that it considers suspicious - bringing the total up to a round 50. On their website the FSMA declares  that the latest update features crypto trading firms whose clients bewailed about not gaining their means back after investing.

There are also statements made by one of the customers who was stolen from. As claimed by this person (all names are redacted), he was reportedly contacted by a French individual who worked for a crypto exchange, placed in the UK, and after a talk sent the company some money for trading. To make a long story short, the person then asked for a withdrawal and did not receive it.

The FSMA underlines that it makes up its list in accordance with the notices made on the basis of customer complaints. It warns people to be wary of promises of proportionate gains, and to always verify the identity of who they are dealing with. A similar remit was made by the French financial watchdog, Autorité des Marchés Financiers, a few days ago. The alert is formulated differently; it reports about 4 companies suggesting “atypical investments” made without authorisation. 2 on the list relate to the same entity (solutioncrypto.com/solution-crypto.com), though the latter is not a functioning website.

Several months ago, in March, the AMF issued a list of 15 cryptocurrency firms that were processing without a licence.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   83

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.
 

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.