RATE Group | Belgium’s Watchdog Warns against Cryptocurrency Platforms
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Belgium’s Watchdog Warns against Cryptocurrency Platforms

05 Sep Belgium’s Watchdog Warns against Cryptocurrency Platforms

Posted at 10:45h in Cryptocurrency News by

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Belgium’s financial watchdog, the Financial Services and Markets Authority ‎‎(FSMA), said today that it continues to receive complaints from consumers who have invested in cryptocurrencies. The watchdog has therefore updated its warning list with multiple ‎cryptocurrency platforms that are offering investments in the country without ‎complying with Belgian financial legislation.‎

The investor alert represents the FSMA‎’s latest effort to police the rampant internet-based ‎cryptocurrency schemes which operate in its zone.

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European finance ministers are scheduled to discuss cryptocurrency this week to investigate benefits and risks, and consider how the new assets should be regulated. The Eurogroup meeting in Vienna on September 7 will discuss a fresh round of regulatory scrutiny on the cryptocurrency space.

Other European regulators have also been skeptical about ‎cryptocurrencies and see them as a threat to financial stability.‎…

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