Belgian Government Unveiled Site to Warn Crypto Investors About Scams
Belgian Government Government taken an initiative to warn crypto investors against online fraud by launching a website called “Too good to be true”. The website available in two languages i.e French and Dutch.
The website is run in part by the Belgian Federal Public Service Economy and the Financial Services and Markets Authority. Saying crypto assets "are the hype of the year," the site warns that because they are extremely easy to develop, these tokens may be used for illegitimate purposes, including "scams, drug trafficking, terrorism or any other criminal activity."
The site includes a website checker on the home page. The site claims to be able to determine if a website is fraudulent, though it notes that the developers "are not responsible for any errors in the system."
The checker service adds that organizations must have a license to operate in the Belgian financial markets. Some sites may not show up despite lacking a license, though, and part of the site's database will be populated by user-reported websites.
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aswqada
It’s not associates anymore to this post. Remove it otherwise I will flag it.
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building awarness is what we need.
it's a good step in my opinion.
Upvoted big time @techstack
Piotr
Thanks @crypto.piotr