On September 26th, the Autorite Des Marches Financiers (AMF – the French Financial Markets Authority) published a list of new websites that are not authorized for cryptocurrency trading, including some offering “atypical investment” options, as reported.
Dozens of new crypto-related sites pop up in France without complying with the recently adopted cryptocurrency regulations
The French financial authority warned the public about websites such as www.goodcoin.fr, www.cryptofrance.info, and www.achat-bitcoin.co. Also, it was reported that the list is made up of 21 recently detected websites. They also stressed that it is not exhaustive since more and more Internet sites are appearing that do not comply with the newly-adopted French cryptocurrency regulations.
This blacklist complements AMF’s existing lists of websites that offer investment opportunities in digital assets, such as cryptocurrencies, and which also provide derivatives based on cryptos.
Also, France adopted new ICO regulations, recently
Recently, France’s Minister of Economy, Bruno Le Maire, issued a legal framework for Initial Currency Offers (ICOs), a corporate financing methodology used by a large number of cryptocurrency-related projects.
On that occasion, it was indicated that the AMF would be the institution in charge of granting or denying authorization to carry out ICOs.
French officials see cryptocurrencies as movable property
According to its website, “the AMF is an independent public authority responsible for ensuring that savings invested in financial products are protected, that investors receive adequate information and supervise the orderly functioning of markets.”
Also, in April this year, the French Council of State established that cryptocurrencies would be considered as movable property, which implied a reduction in the taxes applied on the profits obtained from them, from 45% to 19%. That decision was welcomed by the country’s cryptocurrency enthusiasts, as well as by the crypto- and blockchain-related companies that operate across the European country.
Now, the AMF decided to place some renowned crypto-related sites in its blacklist because they do not comply with the new regulations.