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French Stock Market Regulator Warns Public About Crypto-Related Firm

On 9th April an announcement says that the Autorité des marchés financiers (AMF) has warned the general public a couple of firms providing training courses and software on cryptocurrency and investment in forex markets.
The AMF — the securities market regulator in France — has issued a warning concerning the operation of Kuvera LLC(1)/Kuvera France, that allegedly promotes trading on “highly speculative products” and targets youngsters. Specifically, the corporate offering training courses and s0ftware solutions that may apparently facilitate customers t0 invest in forex and crypto markets.

Additionally, Kuvera offers subscribers compensation that mechanically will increase with the quantity of subscribers recruited. The AMF notes that the corporate isn’t licensed to work in France.

The AMF has previously warned the general public concerning suspicious comes within the cryptocurrency space. Last Dec, the agency blacklisted four crypto-related websites for unauthorized investment offerings. in the announcement, the AMF warned investors concerning the increasing variety of unregistered investment comes, claiming that “new unauthorized actors appears regulatory.”

In Sep of last year, the AMF proclaimed it had been blacklisting 21 new investment websites, as well as multiple crypto-related sites. The AMF characterized the additions as “unauthorized websites” that provide “atypical investment,” and directed users to its existing blacklist, that it notes is “not comprehensive.”

Last month, the pinnacle of the committee of France’s National Assembly, Eric Woerth, advised a ban on anonymous cryptocurrencies, or alleged privacy coins. except that, Woerth self-addressed potential issues related to cryptocurrencies, as well as fraud, nonpayment, hiding, and energy consumption.

 
 

About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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