France blacklists only two crypto-related websites in 2022

In the 2022 recession, French financial regulators have added only two crypto services to their blacklist – a significant reduction compared to 2021.

On December 21, the Prudential Supervision and Resolution Authority (ACPR) and the Autorité des Marchés Financiers (AMF), France’s stock market regulators, Updates A blacklist of websites linked to illegal forex and cryptocurrency investments.

The release claims that year after year, AMF and ACPR have reported fewer websites linked to cryptocurrencies. The government banned two websites in the crypto derivatives category in 2022 as compared to 24 sites last year.

Of the 15 websites recently banned, only two explicitly refer to cryptocurrencies in their names. These websites include cryptoneyx.io and 24cryptoforextrading.net.

France warns of caution with crypto sites

The AMF and ACPR warn investors to exercise caution and verify the legitimacy of intermediaries selling financial goods or services. France, As per the regulators, investors should check the official registration of approved investment service suppliers and the list of permitted intermediaries in the crowdfunding or financial investment advisory categories.

The coming crypto winter will result in a rapid decline in the number of crypto-related websites. Since November 2021, the crypto market has declined by more than 70%, resulting in huge losses for crypto investors. ftx bankruptcy Played a key role in the market crash.

The French government is known for its cordial attitude towards the digital asset sector. It has granted several permits to important international crypto enterprises. Major International Crypto Exchange Binance Received From AMF to offer crypto-related services in France in May.


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