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FSMA Warns against Clone of CoinDesk and 30 Fraudulent Trading Platforms

The Financial Services and Markets Authority (FSMA), Belgium's financial market regulatory watchdog, flagged 30 online trading platforms offering unlicensed services in the country. A clone of CoinDesk, a popular crypto news website owned by venture capital firm Digital Currency Group (DCG), is one of them.

Potential fraudsters' names and website addresses present a broad mix of contracts for difference (CFDs), wealth management and cryptocurrency trading services. Some of these platforms are ApexCryptoLive, Bitnexltd, FortuneFX, Spotchains, Vexxsel and a clone website of CoinDesk dubbed Coinsdesk (coinsdesk.org). At the time of writing, the website is no longer available.

The complete list, which was prepared after the Belgian regulator received complaints from consumers, is available on the regulator's website.

(By Damian Chmiel)

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