15:30 ▪
3
min reading ▪ acc
The Financial Markets Authority (AMF) recently reported a significant increase in cryptocurrency-related disputes initiated by savers. The increase reflects a worrying trend in the digital investment industry, where many investors are struggling with fraud and mismanagement.
Crypto: an explosion of controversy! AMF triggers an alarm
The AMF has seen a 23% increase in cryptocurrency-related disputes compared to the previous year. This situation is largely due to the proliferation of unauthorized platforms and fraudulent offers that lure investors with promises of high and quick returns. Savers, often ill-informed, find themselves trapped by malicious actors who take advantage of their lack of knowledge of the market.
To counter this trend, the AMF has stepped up its regulatory and awareness efforts. The authority has updated its blacklist of disallowed sites and added nine new suspicious platforms. This list is publicly available and aims to protect investors by informing them of the risks associated with these sites. New additions include platforms like zoomex and mexc that operate without the necessary permissions.
In addition to updating the blacklist, 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 raise investor vigilance and encourage them to verify the legitimacy of platforms before investing in them.
International cooperation against fraud
The AMF also works with other international financial authorities to harmonize regulations and share information on fraudulent actors. This cooperation is essential to combat cross-border fraud and to ensure comprehensive investor protection.
The rise in cryptocurrency-related lawsuits demonstrates the importance of strict regulation and increased awareness. The AMF is strengthening its preventive measures and updating its blacklists to protect investors. Before investing in cryptocurrencies, savers must remain vigilant and be well informed.
Maximize your Cointribune experience with our “Read and Earn” program! Earn points for every article you read and get access to exclusive rewards. Register now and start reaping the benefits.
The world is evolving and adaptation is the best weapon to survive in this wavy universe. Essentially a crypto community manager, I am interested in anything directly or indirectly related to blockchain and its derivatives. To share my experiences and raise awareness of a field that fascinates me, there is nothing better than writing articles that are both informative and relaxing.
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.