French AMF warns against several unauthorised crypto websites


bcsc warning

On 22 February 2018, the Autorité des marchés financiers (AMF) published an analysis on its website concluding that crypto derivatives may be legally considered financial contracts. As such, the AMF and the ACPR have decided to jointly publish a blacklist with the websites that offer crypto derivatives without authorisation in France.

Here is the list of the websites recently identified:

  • www.365globalmarket.com
  • www.acheter-des-bitcoins.com
  • www.algo-crypto.com
  • www.bank-of-crypto.com
  • www.bit24coin.com
  • www.c4iex.com
  • www.capital-coins.com
  • www.cryptocash24.com
  • www.cryptoeraonline.com
  • www.cryptofrancecapital.com
  • www.crypto-institute.com
  • www.cryptomonaies.com
  • www.cryptomoney888.com
  • www.cryptoning.com
  • www.cryptoquicker.com
  • www.epargnebitcoin.com
  • www.euro-crypto.com
  • www.interactivecoins.com
  • www.kryptofx.com
  • www.kryptoneo.com
  • www.lacentraledescryptomonnaies.com
  • www.monnaiestech.com
  • www.stock-crypto.com
  • www.undercryptos.com
  • www.union-crypto.com
  • www.ydconsultant.com

Additionally, it is worth mentioning that as of 1 August 2018, the European Securities and Markets Authority (ESMA) will be temporarily restricting the marketing, distribution and sale of CFDs to retail clients in the European Union, including CFDs on crypto assets, within the terms and conditions set out in decision 2018/796 of 22 May 2018.

A list of all unauthorized sites to offer trading of cryptocurrency derivatives is available in the site on the AMF’s website.

These websites may change very quickly and this list is not intended to be exhaustive.

To ensure that the intermediary offering banking or financial products or services is authorised to operate in France, you can view the register of financial agents (https://www.regafi.fr) or the list of authorised intermediaries in the financial investment advisor (FIA) or participating investment advisor (PIA) categories (https://www.orias.fr/search).

If the intermediary in question is not on these lists, the AMF strongly recommended that you should not make use of their services, as they are in breach of the applicable legislation and are not required to comply with basic rules of investor protection, information disclosure and claims handling.

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French AMF warns against several unauthorised crypto websites

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