French Authorities Alert Investors Regarding Bybit’s Unauthorized Services
Crypto News– The Autorité des Marchés Financiers (AMF), France’s securities regulator, has reiterated its warning to crypto investors that Bybit is blacklisted in the country.
In a notice dated May 16, the AMF reminded the French public that Bybit is an unregistered crypto platform operating illegally in France. Bybit offers digital asset services on behalf of third parties without proper authorization. The regulator emphasized that it has the authority to block Bybit’s website for providing illegal services in France.
Unregistered platforms providing these services in France are illegal under French law, stated the AMF. BYBIT is not registered as a digital asset service provider.
According to the AMF, Bybit has been blacklisted since May 2022 for not complying with current French regulations. Previously, other crypto-related platforms such as 24cryptoforextrading.net and cryptoneyx.io were also blacklisted. However, the regulator has approved registrations for platforms like Gemini, Coinbase, and Circle.
FAQs
Who issued the warning about Bybit’s unauthorized services?
The warning was issued by the Autorité des Marchés Financiers (AMF), the securities regulator in France.
Why is Bybit blacklisted in France?
Bybit is blacklisted in France for non-compliance with current French regulations. It operates as an unregistered crypto platform offering digital asset services illegally in the country.
Since when has Bybit been blacklisted by the AMF?
Bybit has been blacklisted by the AMF since May 2022.
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