French stock marketplace regulator, the Autorité des Marchés Financiers (AMF), continues monitoring the cryptocurrency market to warn investors about unauthorized crypto services.

On Friday, AMF updated its web portals, identifying those that offer crypto and foreign commutation (forex) investments through unauthorized entities. The list included four websites related to cryptocurrency derivatives investments alongside 12 forex-related sites.

According to the regulator, the listed entities have been offer investment products without being authorized to provide such services. To protect investors from potentially fraudulent investments, AMF and French Prudential Supervision and Resolution Authority (ACPR) regularly update the blacklist of unauthorized investment providers. Still, those lists are "not intended to be complete" as "new unauthorized entities appear regularly."

The authority strongly recommended that investors follow the list of authorized investment providers using the online register of financial service providers every bit well equally the list of authorized providers in the financial investment advisor or crowdfunding categories.

The AMF'due south latest warning comes before long after Paris-based derivatives fund manager Melanion Capital letter launched a Bitcoin (BTC) exchange-traded fund (ETF) in August. Melanion CEO Jad Comair reportedly said that getting the fund approved past AMF was "a existent challenge because of the sensibilities and politics currently surrounding Bitcoin and Bitcoin investing."

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Global authorities have been increasingly expressing concerns over unregulated crypto investment services recently.

In mid-August, the Australian Securities and Investments Committee advised citizens to only invest in crypto via financial institutions holding an Australian Financial Services license. Co-ordinate to the Australian Competition and Consumer Commission, crypto scams fabricated up more than 50% of Australian investors' losses in the commencement half dozen months of 2022.

Before this year, Depository financial institution of French republic governor Francois Villeroy de Galhau urged Europe to prioritize crypto regulation due to the risk of digital assets challenging its monetary sovereignty.