The French stock market regulator The Autorite des Marches Financiers (AMF) made 15 of cryptocurrency sites to the black list.
According to a press release, listed companies are violators of the “Law Sapin II”:
Investment proposals related to the various assets are under the control of AMF. Therefore, no bids may be advertised in France without prior registration with the AMF.
The press release lists 15 companies-offenders who continued to advertise and sell their investment services in France, despite the new rules.
In the black list are also businesses that illegally offering investments in commodities such as rare earth metals, wine and diamonds.
The AMF reminds consumers that “despite advertising you must not lose sight of the fact that high profits are always associated with high risk.” Further, the Agency recommends that users always carefully study investment and refrain from investing in areas where they have sufficient understanding.
Recall that in December last year, the Manager of the national Bank of France françois Villeroy de Galhau issued a warning about the high risks of investing in bitcoin, saying that it is a speculative asset and not a currency or digital currency.
In January the Minister of economy of France, Bruno Le Mayor has appointed Jean-Pierre Landau, the open criticism of cryptocurrency, to lead a working group to work on the regulation of cryptocurrencies.