AMF (Financial Markets Regulator), the stock market watchdog in France, recently blacklisted 4 cryptocurrency websites for offering unauthorized investments according to a statement the company made on Friday, December 14th. The announcement includes 9 companies that are supposedly operating without required regulatory approval including all 4 of the cryptocurrency firms. The AMF announcement is also warning investors about an increased number of investment projects that are unregistered, claiming that these actors are appearing regularly. The AMF wants investors to keep a close eye on any investment projects that aren’t what they appear to be. The new blacklist includes cryptocurrency websites such as live-crypto.com.net, infoconso.info, elos-patrimoine.com, and iminage.com. Elos-patrimoine affirms they’re offering cryptocurrency investments that are risk-free and promising expert support from staff members who possess years of experience in all types of investments. They also guarantee minimum monthly returns of between 3 and 5 percent. Additional websites the AMF has blacklisted include 4 businesses in the wine industry and a website in the diamond industry that offered investments. As an independent public institution, the AMF is responsible for the orderly maintenance of the financial markets and for protecting investors. At the end of November, the AMF took part in a mutual initiative with the central bank of France to warn people about the risks involved in the theoretical nature of cryptocurrency assets. They want potential investors to do their homework first before they invest. In early November, a report released by the AMF indicated that the ICO (initial coin offering) industry in France only represents a tiny part of the overall global market. According to the report, the global initial coin offering market increased by 19.4 billion euros or $21.8 billion since 2014 when France accounted for $100 million or 89 million euros raised in 15 different ICO projects.
Subscribe to Find the Best Cryptocurrencies & News - 99 Crypto
Get the latest posts delivered right to your inbox.