French regulators blacklist 26 cryptocurrency related websites as a part of their regulatory oversight. Investors are advised to exercise extreme caution as these websites appear to be unauthorized.
6 July, AtoZ Markets – The financial markets regulators in France, the Autorite des Marches Financiers (AMF), and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), have warned the French public on its website. The French watchdog blacklisted 26 cryptocurrency related websites that are not authorized to operate within the country.
French Regulators Blacklist 26 Cryptocurrency Related Websites
The dual watchdogs in a joint statement published a list of 26 crypto-asset related websites. According to the French regulators, brokers invite French citizens to invest in digital assets through this sites without authorization to operate in France.
Below is the list of recently identified unauthorized websites:
- www .c4iex.com
The announcement from the regulators is aimed at curbing illegal crypto activities. The whole list of unauthorized websites such as those mentioned above is available on the official websites of AMF and ACPR. It also emphasized that these websites can change very quickly and this list is not intended to be exhaustive. Moreover, the watchdogs highlighted that investors can find the list of firms that are approved on their official websites.
Latest AMF Warning About Unauthorised Websites
In June, France’s AMF financial sector regulator issued a similar warning. At the time, the French watchdog warned investors against dealing with the following websites:
Moreover, France’s ACPR requires brokers to seek approval before offering contracts and adhere to good conduct. Earlier this year, finance minister Le Maire wrote;
“France has every interest in becoming the first major financial center to propose an ad-hoc legislative framework for companies making an Initial Coin Offering.”
Following the proposed law, the AMF can authorize companies to launch ICOs, as long as they comply with certain standards that protect investors.
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