France’s financial markets regulators on Friday warned the French public of more investment websites that do not have authorization to operate within the country.
The dual regulatory structure in France, which includes the Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), is tackling unregulated providers of FX and crypto-assets derivatives. In a joint statement, the watchdogs published a list of 16 brokers that were inviting investors to invest in fiat and cryptocurrencies without authorization to carry out business in their jurisdiction.
The one-size-fits-all reasoning that the AMF gives is that these companies might be running scam operations, and so they have not received licenses to trade with French clients. These brokers have also been found guilty of making unsolicited calls and sending out similar emails to locals regarding online trading, financial consultation, and credit without gaining the necessary approvals.
The list of recently identified sites includes the following domain names:
The AMF said that the full list of unauthorized…