[2018-03-16] France Publishes First Cryptocurrency Black List

[FollowSynergy]

France’s financial markets authority AMF has created its own blacklist of cryptocurrency websites, which unlawfully target French investors.

LAWBREAKERS

Yesterday, France’s financial market authority AMF published its list of 15 websites, which unlawfully ask individuals in the European country to invest in cryptocurrencies and digital assets. Additionally, the AMF has reminded potential investors that digital-currency-related businesses are subject to Sapin II law and that the following websites listed are not compliant.

The AMF names the following websites on its black list:

http ://akj-crypto.com/
http: //bank-crypto.com/
https: //bcoin-bank.com/
https: //bit-crypto.net/
https: //boursebitcoin.com/
https: //www.crypteo.io/
https: //cryptobankweb.com/
http: //crypto-major.com/
https: //cryptopartnersinvest.com/
http: //crypto2.bnd-group.com/
http: //crypto.private-finances.com/
http: //ecs-solutions.net
http: //ether-invest.com/
https: //krakenaccess.com/
http: //www.minedecrypto.com

The AMF’s list follows only weeks after its European counterpart in Belgium published a similar blacklist of illegal cryptocurrency websites that are targeting potential investors.

As noted by FinanceFeeds, the AMF concluded in February that platforms offering cryptocurrencies and related digital assets must follow laws related to business authorization and conduct, in addition to refraining from digital advertising — as defined by the Sapin II law, which strictly prohibits binary options and some CFDs from electronic advertising.

The AMF also deems cash-settled cryptocurrency contracts to be derivatives, irregardless of the specific cryptocurrency in question. Therefore, all online platforms offering cryptocurrency derivatives are governed by MiFID II — which requires authorization, proper business conduct, and trade reporting. However, advertising is seen as a greater concern and is strictly prohibited.

Full article: http://bitcoinist.com/france-publishes-first-cryptocurrency-black-list/

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[Palmerson]

Most of these sites are investment projects. I don't trust such projects. But I think that such sites can be blocked in any country. They invest money of unknown origin in business. It is a 100% money laundering mechanism. The attack on the cryptocurrency will be in the event that they begin blocking exchanges that work with the input and output of Fiat.

[richardsNY]

Pretty poor list. I can name up like 50 sites already that should be black listed globally sooner than later. It's time for this market to be properly regulated, and that's a good thing. I see certain people on this forum refer to regulations as being crypto's downfall, but that's definitely not the case. News sources want to make people believe that regulations are meant to hit crypto currencies, but that's false. In most cases it only concerns ICO's, futures, binary options, etc, and that's a very important difference. It makes sense as well, because let's be honest, why should any site or service be able to offer binary options without being registered/licensed? Why should shady exchanges such as Yobit exist? Do you guys even know who runs Yobit? Do you guys know that you all might withdraw tainted coins, possibly coming from past thefts? I would rather see regulations kick in today than tomorrow....