AMF reports websites offering crypto derivatives without authorisation
The Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) would like to warn the public about a number of unauthorised online investment services in France for derivatives whose underlyings include crypto assets.
On 22 February 2018, the 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 websites recently identified:
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.
- The European Securities and Markets Authority released advice on Crypto assets
- UK financial regulator proposes ban on sale of crypto-derivatives to retail consumers
- Towards a new regime for crypto-assets in France; Optional visa regime for ICOs
- EU is gearing up for Union wide regulation for crypto assets
- FSB: crypto-assets do not pose a material risk to global financial stability at this time