The Financial Markets Regulator (AMF) of France has decided to put four crypto-related websites on its blacklist and in today’s crypto regulation news we find out more.
The French stock market watchdog blacklisted these four websites for alleged unauthorized investment offerings according to an official statement.
The financial markets regulator noted nine other companies that are also operating without the much needed regulatory approval including these four crypto-related websites. In the announcement, the regulator makes a clear warning to investors about the increasing number of investment projects that go unregistered by saying that ‘’new unauthorized actors appear regularly’’.
The websites which found themselves on the blacklist of the financial market regulator are iminage.com, elos-patrimoine.com, infoconso.info, and live-crypto.com.net. Elos-Patrimoine offers a ‘’risk-free’’ crypto investment while promising professional collaboration and support since they have a ‘’long experience’’ in all of the investments areas.
The other websites were related to the wine industry and one even offering investments in diamonds.
The French stock market watchdog is an independent institution that offers protection to investors and maintains the order of the financial market. This institution cooperated with the French Central Bank so they can warn the people of France about the risks associated with speculative crypto assets.
Back in November, the Financial Market Regulator released a report about the initial coin offering industry claiming that this industry represents a tiny part of the entire ICO market. According to the report, France is accounted for almost $100 million raised in 15 ICO projects.
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