French Financial Regulators Blacklist Crypto Buying and selling Websites

Source: HJBC/Adobe

France’s top financial regulators have added the crypto buying and selling websites 24cryptoforextrading.internet,, and to some blacklist of firms operating in France “without proper authorization.”

Their email list is co-curated through the Autorité plusieurs marchés financiers (AMF), France’s stock exchange buying and selling regulator. It’s co-created by the Banque de France’s Prudential Supervisory and backbone Authority (ACPR). The ACPR polices France’s banking and insurance sectors.

Within an update published around the ACPR website yesterday, the regulators authored:

“In 2022, the AMF and also the ACPR added 49 names towards the listing of sites that aren’t approved to provide Foreign exchange investments, versus 61 in 2021, and a pair of names within the cryptoasset derivatives category, lower considerably when compared with 2021 with 24 websites added.”

The blacklist comprises “unauthorized” firms offering crypto derivatives in France. Additionally, it comprises unregulated foreign exchange and securities platforms.

French Regulators’ Blacklist of Unregulated Crypto Platforms ‘Not Complete’

The regulators believe the blacklisted firms made “unsolicited” efforts to make contact with potential new customers in France.

However the regulators cautioned their list wasn’t exhaustive. They pointed out that a list was “updated regularly.” But, they stated, their email list is “not supposed to have been complete, as new unauthorized entities appear regularly.”

They added that unregulated crypto operators could pose dangers to users. They “strongly recommended” the general public to not “make utilisation of the services” of firms whose names don’t show up on the ACPR’s Financial Firms Register.

The regulators mentioned that any firm this is not on the register but offering crypto, foreign exchange, or securities buying and selling in France was “in breach from the relevant legislation” and it was thus “not needed to conform with fundamental rules of investor protection, information disclosure, and claims handling.”

The regulators have formerly granted operating permission to bigger-name crypto players, including Binance’s French arm, Bitpanda, and eTorro. Additionally, it granted a permit to FORGE, the crypto child custody subsidiary from the French banking heavyweight Societe Generale.

Earlier this year, French police claimed they’d caught two well known crypto scammers who preyed on victims in exclusive ski resorts and luxury hotels.

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