The Belgian regulator reported on the increase in cases of fraud with cryptocurrencies

Belgium's financial regulator reported, that since May 2019 years, citizens of the country have lost more than 10 million euros in fraudulent schemes, related to forex and cryptocurrencies.

In a report by the Belgian Financial Services and Markets Authority (FSMA) reported, that since May 2019 years to September 2020 year users from Belgium have listed at least 10 Milln euros for fraudulent sites, including, working with cryptocurrencies. Such sites entered into users advertising on social networks and on sites.

“These platforms often used very aggressive advertising methods, To convince the victim to list the maximum possible amount. They also tried to convince users to provide remote access to the computer under the preposition of assistance in transactions and confirming translations ", - write representatives of the Belgian regulator.

In addition to virtual communication, scammers contacted victims with the help of a phone. They convinced users to provide contact details and offered assets management services, promising "high and guaranteed income". In addition to investment in cryptocurrencies, attackers offered investments in binary options, Forex and other financial instruments.

In February 2020 year, FSMA leadership appealed to the government with a call to develop regulation for the cryptocurrency industry as soon as possible.

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