French regulator AMF adds 4 more websites to its warning list, as the watchdog states that these websites have no authority to operate in French market. Which websites have joined the AMF’s blacklist?
29 March, AtoZForex – The key regulator of the French financial markets, the Autorité des Marchés Financiers (AMF) has issued an update to the list of new unauthorized websites that offer atypical investment.
French Regulator AMF Adds 4 More Websites to its Warning List
This move comes as part of the AMF’s attempt to combat the unauthorized companies that are trying to target French investors. The list of the newly added websites includes:
The list of all unauthorized websites to propose atypical investments can be found in the AMF’s website and Assurance Banque Épargne Info Service – ABE IS’s website. The websites might change their domain names very quickly and this list is not exhaustive, according to the watchdog.
French Regulator AMF Blacklists 15 Cryptocurrency Related Websites
In fact, two weeks ago, the French watchdog stated that it has added 15 cryptocurrency and crypto-asset related websites to its blacklist. According to the official press release, the companies that have been added to the list have breached the “Sapin II Law”. The official document reads:
“The investment proposals highlighting the possibility of financial returns or similar economic effects involve intermediation in miscellaneous assets and are now subject to ex ante control by the AMF. Consequently, no offer can be directly marketed in France without prior allocation by the AMF of a registration number.”
The announcement from the AMF mentioned 15 companies that continued to advertise and promote their services as investment opportunities to the French residents in spite of the new regulations. The warning list also includes the names of businesses that illegally offered investments in commodities, such as diamonds, wine, and rare earth metals.
Reportedly, the French national regulator is preparing to introduce the Initial Coin Offerings (ICOs) legislation. The authority aims to promote the development of the new kind of fundraising across the country.
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