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   1057

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 (, 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.

Nasdaq to Launch Index, Based on 100 Crypto Assets

Neural network, considering 200 different factors, helped to create the list of the assets tracked by the CIX100 index
16 October 2019   84

Nasdaq, the world's second largest stock exchange, has added the CIX100 index based on 100 crypto assets, reports CoinTelegraph.

When building a basket of hundreds of leading digital assets, the tool from uses neural network algorithms that take into account more than 200 different factors. Such a comprehensive analysis allows, in particular, to exclude coins with fake volumes.

It is also known that the index draws data on transactions on the nine largest bitcoin exchanges, and also analyzes information from social networks and the media. Only those coins that last in the top 200 for at least three months can become components of the CIX100. The composition of the index will be reviewed monthly.

According to the developers, the index will be useful for both newcomers to the industry and professionals.