Think FTX is bad? Mt Gox was worse...
Belgium clarifies the classification of cryptocurrencies
Watch out for these four ways crypto scams succeed
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belgium - nov 25400x400
2022-11-25clock5 minutes

Chainalysis compared the two events and found that the FTX collapse most likely won't have as great an impact on crypto as the fall of Mt Gox did in 2014.

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Belgium's Financial Services and Markets Authority issued guidelines this week that clarify how to classify cryptocurrencies. It concluded that most crypto do not the meet the standard for securities because they are created by computer code, and not issued by an entity to another entity.

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Forbes published an insightful examination of how and why crypto scams work. Lessons to be learned include watching out for these four main factors: Persuasion, Persistence, Promises, and Proliferation.

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To celebrate the rest of the year in style, Cryptal is making withdrawals to BoG and TBS free for USD, 0.5% for GEL, and 1% for Euro!


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