Belgium’s watchdog warns of Capitals Trade Fx, FX EliteTrader and UXTradesFSMA operates as a watchdog for financial trading, securities and markets in Belgium, overseeing a variety of assets and compliance issues for traders and consumers. Today’s warning is the latest initiative in its efforts to clamp down on companies engaging in fraudulent activities. This represents the FSMA‎’s latest effort to police the rampant internet-based ‎cryptocurrency schemes, which operate into a zone that the ‎watchdog regulates. Cryptocurrency companies operating in Belgium have to apply for a license to the nation’s financial watchdog as the new anti-money laundering (AML) regulations come into effect. License applicants must show to Belgium’s Financial Services and Markets Authority (FSMA) that they possess sufficient capability, coherence, and solvency to run the business.