Belgian authorities have warned against the rise of cryptocurrency frauds on Tinder, which have seen victims lose out financially in their pursuit for love.
As more industries continue to adopt blockchain and cryptos, authorities are striving to keep up with Belgium, Germany, Japan and more making moves this week.
Belgium’s financial markets regulator has called on the gov’t to regulate the crypto industry, claiming that the market is growing quite fast and needs policing.
Authorities in Belgium, France and Israel have arrested ten people accused of orchestrating a cryptocurrency pyramid scheme that cost investors $6.6 million.
While not outright accusing these companies of wrongdoing, the Belgian Financial Services Markets Authority says there is a reason to be concerned.
The luxury brand denies reports that they will allow customers to trade in crypto, but is going ahead with blockchain plans.
The list now stands at 120 cryptocurrency companies to avoid, with the Financial Services and Markets Authority taking steps to publicize its recommendations to steer clear of those operators.
In what looks set to become a global first, the auction house is preparing to put the crypto up for public sale later this month.
The Financial Services and Markets Authority (FSMA) has added an additional 14 sites to its list, which now runs to a total of 113.
Data released by Statista showed that as of August, Amsterdam is leading the race with about 12 crypto ATMs installed, while Luxembourg is lagging behind despite it being a global center of traditional finances.
The list, posted by Belgium's Financial Services and Markets Authority (FSMA), includes no less than 78 cryptocurrency platforms—28 of which added only on Tuesday.