The French Financial Market Regulatory Authority (AMF) has announced that it has 21 blacklisted new investment websites, including several encrypted sites, on 26 September.
The AMF characterizes new additions as "unauthorized websites" that offer "atypical investments" and directs users to its existing blacklist, which is known as "non-exhaustive".
In March, AMF had added to its blacklist 15 websites, including those related to crypto and crypto-goods, reminding consumers that "no advertising material should make you forget that high returns always carry a high risk ".
Cointelegraph reported this month of a similar move by the Belgian Observatory, the Financial Services and Markets Authority (FSMA), which added 28 new sites to its black list of crypto-specific frauds and reiterated his warnings to consumers about fraudulent actors in space.
The French AMF has just received this month new legal powers to grant licenses to companies that manage Initial Coin Offerings (ICO). The country's finance minister, Bruno Le Maire, said he hopes the legal framework for ICOs in France will "attract investors from all over the world".
Under the new rules, prior to each issue of tokens, a company must request a license from the AMF and provide the agency with detailed information on the offer and the issuer. The measures are designed to provide additional guarantees for ICOs, which AMF had previously considered as "risky" for investors.