Copy link
Increase text size
Decrease text size
Link copied

Cryptocurrency-related scam enquiries jump 14000% since 2016, says French regulator AMF

Wed, 08 May 2019, 10:15 am UTC

The Autorité des Marchés Financiers (AMF), the French stock markets regulator, has seen more than 14,000% spike in enquiries related to cryptocurrency scams in 2018 as compared to 2016, Cointelegraph reported.

The regulator published the details in its annual report released on Tuesday, May 07. According to the report, the number of enquiries related to fraudulent cryptocurrency schemes skyrocketed from 18 in 2016 to over 2,600 last year.

Since March 2018, the AMF said, it created a blacklist of unauthorized sites that offer investments in cryptocurrency derivatives. In total, it has warned the public against 154 actors or websites, of which 118 are associated with cryptocurrencies.

The AMF said that it has significantly contributed to the development of the legal framework for initial coin offerings (ICOs) and digital assets services providers (DASP), proposed in the PACTE Bill (Action Plan for Business Growth and Transformation).

The framework offers “optional licensing of trading platforms and other services providers of digital asset services, as well as that the authorization of specialized professional funds (FPS) to invest in crypto-assets,” it said (via online translation).

The PACTE draft Bill was adopted at its final reading in the French National Assembly on 11 April 2019. In a press release dated April 15, the AMF said:

“The PACTE draft Bill as definitively adopted by the French Parliament reinforces the AMF’s powers to provide better protection to investors.

“The AMF will have the powers to oversee the ICOs that have received its visa and to supervise licensed service providers. In the event of non-compliance with the rules, the AMF may hand down sanctions against ICO issuers and licensed service providers.”

The agency can also publish a blacklist of ICOs and DASPs who do not comply with the regulations, and can block access to fraudulent websites offering services in digital assets.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • susu
  • 2020.06.23 04:32:37
It is crazy when exchanges like StoxMarket isn't taken down after cheating several hardworking individuals wanting to invest attain financial freedom. Personally, I invested $750,000 expecting 120% as promised. Since I deposited, I haven't been able to withdraw neither my capital nor profit. I reached out to my account manager but all effort was in vain.
Weeks went by before i stumbled on FASTFUNDSRECOVERY AT PROTONMAIL COM after seeing their reviews on quora. They were able to recover my funds in less than a weeks. Thanks to Shaw for working me through all the processes and how to prevent getting scammed again. i hope this helps someone in similar situation i was.
  • 0
  • ·
  • 0
  • HackEthics008
  • 2020.06.09 08:15:00
Hack Ethics is a Verified Experienced Binary Options Recovery Specialist and Professional Hacker that provides the experience, intelligence, expertise in Asset Recovery and successfully solve ANY DESIRED HACKING SERVICES YOU WANT with ease which includes BINARY OPTIONS FUNDS RECOVERY, CREDIT REPAIR, PHONE & SOCIAL MEDIA HACKS and so on. 

People have lost their hard earned money through this BINARY OPTIONS TRADINGS, yet they would go to meet FAKE HACKERS who are also scammers unknowingly to help them recover their money and they would end up losing more money in the process. These Scammers also tend to put Fake Testimonies out there just to steal more from you by giving you False hope. I understand how heartbreaking it is to be a BINARY OPTIONS SCAM VICTIM after you've been promised your fortune by Binary Companies and then they ignore your Emails or Calls after stealing from you.  I'm taking every step to render solution to those innocent people affected and help them get every penny they lost.  CONTACT  EMAIL  -  HACKETHICS008 VIA GMAIL
   REPOSTING MY ARTICLE ON EVERY PLATFORM AND FORUM TO HELP VICTIMS OUT THERE. 
  • 0
  • ·
  • 0
  • HackEthics008
  • 2020.06.09 08:14:13
Hack Ethics is a Verified Experienced Binary Options Recovery Specialist and Professional Hacker that provides the experience, intelligence, expertise in Asset Recovery and successfully solve ANY DESIRED HACKING SERVICES YOU WANT with ease which includes BINARY OPTIONS FUNDS RECOVERY, CREDIT REPAIR, PHONE & SOCIAL MEDIA HACKS and so on. 

People have lost their hard earned money through this BINARY OPTIONS TRADINGS, yet they would go to meet FAKE HACKERS who are also scammers unknowingly to help them recover their money and they would end up losing more money in the process. These Scammers also tend to put Fake Testimonies out there just to steal more from you by giving you False hope. I understand how heartbreaking it is to be a BINARY OPTIONS SCAM VICTIM after you've been promised your fortune by Binary Companies and then they ignore your Emails or Calls after stealing from you.  I'm taking every step to render solution to those innocent people affected and help them get every penny they lost.  CONTACT  EMAIL  -  HACKETHICS008 VIA GMAIL
   REPOSTING MY ARTICLE ON EVERY PLATFORM AND FORUM TO HELP VICTIMS OUT THERE. 
  • 0
  • ·
  • 0
  • HackEthics008
  • 2020.06.09 08:13:41
Hack Ethics is a Verified Experienced Binary Options Recovery Specialist and Professional Hacker that provides the experience, intelligence, expertise in Asset Recovery and successfully solve ANY DESIRED HACKING SERVICES YOU WANT with ease which includes BINARY OPTIONS FUNDS RECOVERY, CREDIT REPAIR, PHONE & SOCIAL MEDIA HACKS and so on. 

People have lost their hard earned money through this BINARY OPTIONS TRADINGS, yet they would go to meet FAKE HACKERS who are also scammers unknowingly to help them recover their money and they would end up losing more money in the process. These Scammers also tend to put Fake Testimonies out there just to steal more from you by giving you False hope. I understand how heartbreaking it is to be a BINARY OPTIONS SCAM VICTIM after you've been promised your fortune by Binary Companies and then they ignore your Emails or Calls after stealing from you.  I'm taking every step to render solution to those innocent people affected and help them get every penny they lost.  CONTACT  EMAIL  -  HACKETHICS008 VIA GMAIL
   REPOSTING MY ARTICLE ON EVERY PLATFORM AND FORUM TO HELP VICTIMS OUT THERE. 
  • 0
  • ·
  • 0
  • HackEthics008
  • 2020.06.09 08:11:42
Hack Ethics is a Verified Experienced Binary Options Recovery Specialist and Professional Hacker that provides the experience, intelligence, expertise in Asset Recovery and successfully solve ANY DESIRED HACKING SERVICES YOU WANT with ease which includes BINARY OPTIONS FUNDS RECOVERY, CREDIT REPAIR, PHONE & SOCIAL MEDIA HACKS and so on. 

People have lost their hard earned money through this BINARY OPTIONS TRADINGS, yet they would go to meet FAKE HACKERS who are also scammers unknowingly to help them recover their money and they would end up losing more money in the process. These Scammers also tend to put Fake Testimonies out there just to steal more from you by giving you False hope. I understand how heartbreaking it is to be a BINARY OPTIONS SCAM VICTIM after you've been promised your fortune by Binary Companies and then they ignore your Emails or Calls after stealing from you.  I'm taking every step to render solution to those innocent people affected and help them get every penny they lost.  CONTACT  EMAIL  -  HACKETHICS008 @ GMAIL .COM 
   REPOSTING MY ARTICLE ON EVERY PLATFORM AND FORUM TO HELP VICTIMS OUT THERE. 
  • 0
  • ·
  • 0
  • wilsonborne44
  • 2020.02.23 02:01:38
NO UPFRONT PAYMENT!

Are you a victim of ;
1. Binary option scam?
2. Forex trading?
3. Romance scam/Cheating Spouse
4. ICO Scams
5. Online betting scams
6. Bitcoin scam
7. Phishing scam
or any other kind of scam?
I have a good news for you. CREDITSOLUTION63 is the best and most reliable Fund Recovery company for any of the victims above.
Service delivery is top notch and second to none.
Contact Mr Dennis
Email: CREDITSOLUTION63 at GMAIL dot COM
WhatsApp: +1 9176634684
You Can Also Text Or Call: +1 9176634684
Thank me later.
  • 0
  • ·
  • 0
More
  • Bitcoin (BTC) $9,230.16 (+0.33%)
  • Ethereum (ETH) $239.67 (+0.16%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $228.74 (-0.40%)
  • Cardano (ADA) $0.131300 (+5.38%)
  • Bitcoin (BTC) $9,230.16 (+0.33%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft