The agency in charge of regulating the financial sector in Belgium (FSMA) has warned people concerning suspected crypto scam websites. The names of the suspected scam websites have been added to its list, thereby making it 131 domains.

On October 29, the financial regulatory agency added nine domains that include bitcoinmarketscap.com, bitcointraderspro.com, coinsmex.com, crypto-sfs.com, etc-markets.co, fisherih.com, ltc-markets.com, stsroyal.com, and tdscapitalgroup.com to the list of crypto trading platforms suspected to be scam.

According to the agency, it updated the list after some consumers in Belgium reported falling victim to the scams. The agency maintained that the frauds are taking similar form as the scammers promise people riches in easy steps, without regards to what they knew about cryptocurrencies. However, they continued that in the end, all the victims of the scams are always unable to get back their money.

According to the regulator, the frauds keep coming on despite the previous warnings. The regulator is yet to shut down or blacklist the domains. This is because it lacks the power to shut down suspected websites.

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