Belgium FSMA has received complaints from consumers concerning 12 new fraudulent online trading platforms operating in the Belgian market.
Belgium FSMA has issued a warning against companies that sell online trading and training software, primarily related to forex, CFDs, and cryptocurrency.
The Federal Government of Belgium is auctioning nearly $40 million in bitcoin. This is the first public online auction of crypto in Ireland.
Law Enforcement Agencies in Belgium, France and Israel arrest International Crypto Investment Fraudsters who defrauded around € 6 million ($ 6.62 million).
2019 Belgium FSMA financial penalties increased almost 2.25 million euros. Most fines were for disgorgement and restitution related to insider trading.
Belgian regulator FSMA shares its 2017 Investment Fraud Complaint Report, where it breaks down the type of investments that have been mostly associated with scam during last year.
Belgium regulator FSMA fraudulent cryptocurrency platforms warning notes that the regulator has received a number of complaints about these trading platforms that operate in the cryptocurrency industry.
As per the rules introduced in Belgium in 2017, cryptocurrency investors have to pay a 33 percent tax on the crypto profits. Now, Belgian Tax Authority investigates foreign crypto exchanges in order to find Belgian taxpayers trading there.
Belgium FSMA Boiler Room Alert was issued just yesterday. The regulator warns investors against six firms with no registration operating in Belgium.