The French Financial Markets Authority (AMF) recently reported a significant increase in crypto-related disputes initiated by savers. This increase reflects a worrying trend in the digital investment sector, where many investors find themselves facing issues of fraud and mismanagement.
Crypto: Explosion of Disputes! The AMF Sounds the Alarm
The AMF recorded a 23% increase in crypto disputes compared to the previous year. This situation is largely due to the proliferation of unauthorized platforms and fraudulent offers that attract investors with promises of high and fast returns. Savers, often poorly informed, find themselves trapped by malicious actors who exploit their lack of market knowledge.
To counter this trend, the AMF has stepped up its regulatory and awareness-raising efforts. The authority has updated its blacklist of unauthorized sites, adding nine new suspect platforms. This list is publicly available and aims to protect investors by informing them of the risks associated with these sites. Among the new additions are platforms such as zoomex and mexc, which operate without the necessary authorizations.
In addition to the blacklist update, the AMF has launched several awareness campaigns to educate savers about the dangers of crypto investments. These initiatives include practical guides, webinars, and regular alerts on new forms of fraud. The aim is to increase investor vigilance and encourage them to verify the legitimacy of platforms before investing in them.
International cooperation against fraud
The AMF also collaborates with other international financial authorities to harmonize regulations and share information on fraudulent actors. This cooperation is essential to combat cross-border fraud and ensure global investor protection.
The increase in crypto-related litigation shows the importance of strict regulation and increased awareness. The AMF is strengthening its prevention measures and updating its blacklists to protect investors. Savers must remain vigilant and be well informed before investing in cryptocurrencies.
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