AMF announces warnings about several unauthorized crypto asset service providers

The AMF has blacklisted the digital asset trading platform BYBIT since May 20, 2022. The platform was found non-compliant with French regulations as it is not registered as a Digital Asset Service Provider (DASP), which is a mandatory requirement under the Monetary and Financial Code for platforms offering digital asset services in France. The AMF warns that BYBIT's operations are illegal and reserves the right to block its website. Investors are urged to secure their assets and consult the AMF's white list of registered providers before engaging in crypto asset investments.

The AMF is an independent public authority in France responsible for overseeing financial markets, market participants, and investment products. It ensures that investors are informed and that markets operate orderly. Additionally, it engages in regulatory development at European and international levels with a focus on areas such as sustainable finance and the impact of digital changes on the economy. The organization functions through two main bodies: the board and the enforcement committee.