Belgium Regulator Blacklists 21 Crypto Firms Suspected of Fraud

It Belgium’s financial regulator had published the list on its official website, bringing their tally of suspected crypto scams in the country to 99. This Financial Services and its Markets Authority has added 21 new websites of suspected cryptocurrency scams to its blacklist.  these Belgium is witnessing a growth in online fraud cases. This agency has found that it's despite their prior warnings concerning the risks associated with crypto investments, its Moreover these listed firms are also involved in attracting victims to their allegedly fake investment schemes. its Among these blacklisted companies many are offering financial services without complying with the Belgian financial legislation. These persons running these websites pose themselves as financial advisors, lawyers and accountants. This FSMA has blacklist also names websites that its reach out to the victims of earlier crypto frauds. it's FSMA refer these scam websites as ‘Recovery Rooms. its financial contribution by the victim, however, it does not result into anything substantial. They promise victims that they would arrange compensation or to recover their losses in exchange for a fee. [SOURCE](https://www.ccn.com/belgium-regulator-blacklists-21-crypto-firms-suspected-of-fraud/)