The FSMA warns against fraudulent cryptocurrency platforms that promise performance that is too good to be true.
The FSMA is still receiving more complaints from consumers who have responded to offers of investment in cryptocurrencies. What prompt the guarantor of consumer protection to reiterate his warning.
“Behind platforms offering to invest in cryptocurrencies, often hide fraudsters who have decided to make cryptocurrencies their new scam!” There are many investors to report funds invested, never recovered or outright absence of any news of the company.
The FSMa has thus listed all the cryptocurrency trading platforms on which it has received questions / complaints from consumers; a list that is not exhaustive.
What to do to avoid scams?
- Prudence is probably the best advice
- Check the identity of the company. Without clear identification, do not trust. Identity theft cases are not uncommon.
- Be wary of companies or websites that have been in existence for less than a year.
- Always ask for clear and understandable information
Remain critical of this information: “Many cryptocurrency trading platforms promise guaranteed returns or protection of your entire capital, but such promises in the cryptocurrency industry are illusory!”