[2019-07-03]French Regulators Notice Uptick In Crypto-Related Complaints

[Vladdirescu87]

French financial regulators have observed an increase in complaints regarding cryptocurrencies this year.

Investors in the country are increasingly filing complaints about digital currencies with France’s Financial Markets Authority (AMF) since January 2019, according to the AMF’s 2019 Risk Map report published on July 2.

The Risk Map analyzes the major factors that have an impact on the country's financial markets along with associated risks.

At the same time, 2019 has reportedly seen a drop in the number of enquiries received by the AMF’s consumer contact center in regard to digital currency. The document further notes that investors continue to express interest in speculative products like binary options, foreign exchange, contracts for difference and crypto, despite the AMF’s efforts to limit the marketing of such products.

https://cointelegraph.com/news/french-regulators-notice-uptick-in-crypto-related-complaints

[1713561094]

1713561094

[malevolent]

In other words, French regulators are continuing to find ways to justify their existence.

Full report in French is here if anyone's interested (PDF file):

https://www.amf-france.org/technique/multimedia?docId=workspace://SpacesStore/cf78ce8a-05bd-4e02-b185-146c7c71ea1b_fr_1.0_rendition

[Kemarit]

Obviously the price is gaining this year, so more people will be interested on crypto again, just like what we witnessed in 2017. The question is what are the French regulators doing about those complains? are regulators going to put up a framework to at least curb this enthusiasm on crypto? Or AMF just implement what the recent G20 meeting has to say about crypto since they are a part of it?

[buwaytress]

In other words, French regulators are continuing to find ways to justify their existence.

Full report in French is here if anyone's interested (PDF file):

https://www.amf-france.org/technique/multimedia?docId=workspace://SpacesStore/cf78ce8a-05bd-4e02-b185-146c7c71ea1b_fr_1.0_rendition

Heh, precisely. They are surprisingly even more backward than Italy's and Spain's (regionally, usually it's a battle between the three, IMO) when it comes to this. Last year, they'd put out more of the same types of Press Releases, telling people they get hundreds of phone calls a month about people asking if Bitcoin's legit (so you know, you need lots of people to man those hotlines).

The funniest is their crypto scam blacklists, though (https://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date). I imagine there are a few people who surf the net for HYIPs, probably from faucet site ads, and then when they detect fake info, they report it to a superior and the boss says, mmm good job, add it to our blacklist. And they feel happy.

[LeGaulois]

In other words, French regulators are continuing to find ways to justify their existence.

Full report in French is here if anyone's interested (PDF file):

https://www.amf-france.org/technique/multimedia?docId=workspace://SpacesStore/cf78ce8a-05bd-4e02-b185-146c7c71ea1b_fr_1.0_rendition

Heh, precisely. They are surprisingly even more backward than Italy's and Spain's (regionally, usually it's a battle between the three, IMO) when it comes to this. Last year, they'd put out more of the same types of Press Releases, telling people they get hundreds of phone calls a month about people asking if Bitcoin's legit (so you know, you need lots of people to man those hotlines).

The funniest is their crypto scam blacklists, though (https://www.amf-france.org/en_US/Epargne-Info-Service/Mise-en-garde/Par-date). I imagine there are a few people who surf the net for HYIPs, probably from faucet site ads, and then when they detect fake info, they report it to a superior and the boss says, mmm good job, add it to our blacklist. And they feel happy.

Nah not really. The last time I visited the AMF's list all the sites/services listed where BTC scams. Most of the time, websites selling Bitcoin.
They don't blaclist HYIPs, all are scams so the average Joe doesn't need to ask if it's legit or scam
I remember, regarding ICOs, they wanted (or already have) to create like a badge, and every ICO with it could be considered as safe.