25 Illegal Crypto Sites Blacklisted by French Regulator

The French Financial Markets Authority (AMF) has added 25 more illegal crypto websites to its blacklist. This step is taken to protect investors in France from scams and unregistered platforms offering digital asset services without proper permission.

AMF Adds 25 More Crypto Platforms to Blacklist

The AMF, responsible for financial markets in France, updates its list of illegal crypto websites regularly. On June 11, 25 more platforms were added, pushing the total to over 100. These websites target investors in France and Europe without proper registration.

The newly blacklisted websites are:

• amzingnewdl.top
• ascendex.com
• bitcoineprex.ai
• bitsacard.com
• btceprex360.com
• cryptoinnovatebot.net
• cryptotrader.app
• fin-maga.com
• infosplacements.fr
• immediate-genesis.com
• immediateavita.com
• immediatedexair.net
• immediateproair.app
• immediateproair.com
• immediateproair.net
• paulwchow.com
• quantumbumex.co
• quantumbumex.com
• sandiegobraincare.com
• smartinvestsas.com
• tradeduac100.com
• tradeduac.com
• tradeduacai.com
• tradeneupro100.com
• veltrix-ai.com

These platforms are not registered to provide services in France. The AMF warns that more unregistered websites may appear, as new ones come up often in the fast-changing crypto market.

Protecting Investors from Crypto Scams

The AMF advises investors to check its updated blacklist to stay safe. With the growing number of crypto scams in France and Europe, its important to be aware of the risks and avoid fraud.

The AMF also keeps a list of registered service providers. However, even authorized cryptocurrency projects carry risks, so investors should be cautious.

New European Crypto Rules Coming Soon

The European Unions Markets in Crypto-Assets (MiCA) regulation will start on December 30, 2024. This new rule will require all crypto-asset service providers in the EU, including in France, to get official approval.

The AMF started accepting applications for this approval in August 2024. MiCA will replace Frances PACTE law, giving a clearer way to manage new crypto platforms.

Transition Period for Existing Platforms

Crypto platforms already operating under France‘s system, including those with Digital Asset Service Provider (DASP) authorizations, have until June 30, 2026, to follow MiCA rules. During this time, French platforms won’t have access to the European passport system, so they must follow the rules of each country they operate in.

Crypto investors and regulators across Europe should check the AMFs website for updates on both authorized and unauthorized platforms. This helps reduce the risks of illegal crypto websites.

Avoiding Crypto Scams in Europe

Investors should always check if a crypto platform is registered before using it. The AMFs blacklist and the upcoming MiCA regulations are useful tools to identify unauthorized platforms in France and Europe.

For more information or updates, visit the AMFs official website.