French Regulator Blacklists More Fraudulent Crypto Businesses

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AMF, France’s financial regulator, has expanded its list of entities involved in fraudulent activities often related to cryptocurrency investments. The agency has added 21 new websites most of which have been luring French investors with offers to participate in token sales and digital assets trading.

France Updates Crypto Scams List

L’Autorité des Marchés Financiers (AMF), the French financial markets authority, has updated its blacklist of businesses providing services that entangle investors in fraudulent schemes. Most of the 21 new names belong to the grey segment of the crypto industry and offer investment opportunities in initial coin offerings (ICOs), cryptocurrency trading or mining projects. What’s common between these entities is that neither of them is authorized to operate in the sector. In its official announcement, the AMF notes that the list is updated regularly but warns that new actors appear all the time.

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