The Financial Services and Markets Authority (FSMA) has added 14 new cryptocurrency platforms to its list of platforms believed to be fraudulent. The list of suspects now consists of 113 websites.
In particular, the following platforms were added:
AJ Asset Management
Cabinet-Finsbury
Capital-Coventry
Capital-Secure
Capital & Marketing International LTD
Cobber Finance
www.cashlesspaygroup. com
Conseil Premium
CryptoMonaies
Direct EP
Epargne Capital
Gbe-Capital
Phoenix GM
www.moneo-invest. com.
Additionally, some trading platforms don't just sell cryptocurrency, they also offer more traditional financial instruments such as foreign exchange, indices and commodities.
In a statement released today, the regulator said:
“The way they operate is that they offer you investments that they believe are safe, simple and very profitable. They try to instill confidence by assuring you that you don't need to be an expert in cryptocurrencies to invest in them. They claim that their experts will manage your investments for you. And that you can withdraw your funds at any time. However, the result is always the same: victims cannot get their money back.”
14 suspected scammers were included in the list after consumers filed complaints against them. However, FSMA stresses that this list is not complete and will be continually updated.
In addition, FSMA also stresses that, despite previous warnings, the regulator is still receiving new complaints from consumers who have invested in virtual currencies through these trading platforms. Therefore, you should always check warnings from local regulators to ensure you are not investing in a perceived scam.
According to financemagnates.com
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