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   312

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.

Zb.com to Open Office at Malta

Country made another step froward to leadership in blockchain industry
16 August 2018   94

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.