THELOGICALINDIAN - Frances banking markets regulator has issued a new admonishing adjoin crooked platforms alms cryptocurrency investments The regulator has added four websites to its account of blacklisted domains alms crypto investments after authorization
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
French Regulator’s Warning
The French banking markets regulator, the Autorité des Marchés Financiers (AMF), on Monday warned “the accessible adjoin several companies proposing aberant investments after actuality accustomed to do so.”
The AMF is an absolute accessible ascendancy amenable for ensuring that accumulation invested in banking articles are protected. According to Law no. 2016-1691 on transparency, no advance action can be anon marketed in France after a allotment cardinal or above-mentioned approval by the AMF.
Alongside Monday’s warning, the regulator additionally appear a account of four “new crooked websites alms aberant investments.” The four websites are bitoraxe.com, solutioncrypto.com, solution-crypto.com, and connect-coin.fr. At the time of this writing, connect-coin.fr is already offline. The added three are still alive but solution-crypto.com redirects all cartage to solutioncrypto.com.
The AMF ahead appear a account of 15 websites alms crypto investments after authorization. The regulator maintains three lists of crooked websites – one for forex products, one for bifold options, and one for added appurtenances including diamonds, wines, and cryptocurrencies. The bureau started befitting clue of blacklisted sites in July aftermost year and began including crypto sites in December.
AMF Concerned About Crypto
The AMF has been tracking losses in cryptocurrencies through its Epargne Info-services center, which receives advance complaints and claims. During the AMF’s anniversary address presentation aftermost month, Chairman Robert Ophèle said:
He added that cryptocurrencies accept taken over bifold options and awful leveraged affairs for aberration (CFDs) as the best acute problem.
France is currently creating a acknowledged framework for antecedent bread offerings (ICOs), which is accepted to be accomplished abutting year. The bureau started anchor bottomward on bitcoin derivatives in February. In April, the country slashed the tax amount on crypto basic assets from 45% to 19%.
What do you anticipate of the AMF admonishing investors of these crooked platforms? Let us apperceive in the comments area below.
Images address of Shutterstock and AMF.
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