Yesterday, the cryptocurrency world wasgoed klapper strongly, yet again, spil the French stock market established a regulation blacklisting overheen 15 crypto-assets and cryptocurrency investment sites.
The organization ter charge of the regulation, AMF (Autorité des Marchés Financiers), is adding cryptocurrency to the current “liste noir”, platforms conceived spil offensive. Te the list there is already a pool of businesses which suggest investment services at the margin of French law, such spil diamonds and infrequent metal investments.
Ter the announcement made by the regulator, it is stated:
“Companies ter France suggesting the purchase of rights overheen goods promoting the possibility of a yield or its economic omschrijving are subject to the regulation of diverse goods and spil such their opoffering voorwaarde have a registration number provided by the AMF.”
AMF’s decision not only goes to the cryptocurrency investment services, but also to those companies who were warned of their regulatory disobedience but continued their operations regardless. Most of the companies listed by the AMF are pinpointed te the UK.
One of the companies listed is AJK Crypto, a company which offers several services, among which are asset storage and account management. On the other forearm, Crypteo is listed spil being a crypto-marketplace.
The announcement made by the AMF aimed to caution investors that all the excellent possible wins also carry greater possibilities of risk, and any sales-focused pitch should not outshine this fact. Besides this, AMF advised investors to cautiously consider criteria exploited to waterput the price of a product te place, and to perform due diligence.
The regulator urges investors to think about the channels where an voorwerp can get resold, spil well spil the decent deadlines. On the same line, the authority alerted them to not invest if they don’t fully understand what they are doing.
This isn’t the very first time the AMF have bot involved ter the cryptocurrency industry’s affairs. About a month ago, the organization released an announcement where they stated that all the trading platforms shouldn’t market electronically products derived from cryptocurrency, otherwise they might be facing law under the Sapin Two and MiFID Two’s sphere, the very first of which outlaws adverts for particular financial contracts.
Similarly, te October 2018, AMF re-released the program ‘UNICORN’, universal-node towards the research network of ICO. The initiative wasgoed promoted spil an aid for ICO users, ensuring a framework to ensure protection for those who want to become investors.
Ter conclusion, the AMF has the cryptocurrency industry ter its glances. This indeed may be a threat to the investment business, but also an chance to regulate its operations and to escalate into the global market.