The Financial Markets Supervisory Commission (AMF) has included in the “Black List” 15 websites of cricket investment companies.
“French companies offering to buy rights to various products and promising a possible return or economic equivalent, are subject to relevant laws, so their products must be registered with AMF,” the statement said.
Then, the document contains 15 websites of companies that have not stopped their activities after the AMF report of a violation of the law. Please note that most pages indicate that firms are based in the UK.
For example, AKJ Crypto offers a wide range of financial services: from asset storage to account management. Another, Crypteo, is probably a trading platform for cryptocurrencies.
The full list looks like this:
AMF also reminded investors that “regardless of advertising, it’s important to remember: there is no high profit without high risks.” In addition, the regulator calls for the company to be thoroughly investigated before investing, as well as taking into account possible ways of selling the products received.
“Do not invest in what you do not understand”, – summed up the agency.
It is worth noting that usually AMF companies are blacklisted, illegally offering clients to invest in traditional assets, including diamonds, precious metals and collectible wines.
Earlier, the French Commission published a statement that trading platforms should not advertise derivatives from cryptocurrency instruments in accordance with the general laws on derivatives.