RATE Group | Belgians reported nearly €3 million in cryptocurrency fraud last year
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Belgians reported nearly €3 million in cryptocurrency fraud last year

08 May Belgians reported nearly €3 million in cryptocurrency fraud last year

Posted at 10:32h in Cryptocurrency News by

Last year, Belgium’s economic inspectorate reported a loss of €2.94 million in losses due to cryptocurrency fraud, De Tijd reported on Friday based on figures released by Economy Minister Nathalie Muylle.

A cryptocurrency (such as Bitcoin) is a type of virtual money existing only in electronic form that can be used online like ordinary money.

The true loss is probably more than €2.94 million, as this was merely what was reported to the inspectorate, according to De Tijd. Those who report fraud don’t always communicate the amounts involved, Muylle added.

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In 2019, the economic inspectorate forwarded one file to the public prosecutor’s office for fraud or attempted fraud, but it does not yet know what the public prosecutor’s office has decided, Muylle said. 

“We especially took initiatives on prevention,” Muylle clarified, underlining that the Federal Public Service Economy (FPS…

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