Breaking: AMF Bans Crypto Derivatives, Forcing CFDs Brokers to Seek Approval
Posted: Wed Feb 21, 2018 8:41 am
The French Autorité des Marches Financiers (AMF) has outlined that it is prohibiting the advertising and distribution of cryptocurrency derivatives. The regulator has just published a stark warning to CFDs brokers that are offering the products that they are in violation of the Sapin 2 Law introduced last year.
According to the AMF, the legal qualification of cryptocurrency derivatives demands that brokers that are offering such products must comply with a set of regulations. The firms must seek approval from the regulator prior to offering such contracts and adhere to good conduct. Brokers are strictly prohibited from providing derivatives on cryptos ... (read more)