French Financial Watchdogs Update Blacklist with 50 Unauthorized Forex and Crypto Firms

Wednesday, 10 July 2024, 08:40

French financial regulators have recently flagged 50 new platforms for offering unauthorized forex and crypto-asset derivative services. The update raises concerns about the legitimacy of brokerage firms operating within the industry, prompting investors to verify their brokers on the regulator's warning list. The inclusion of these firms on the blacklist highlights the risks associated with trading on unauthorized platforms and emphasizes the importance of due diligence for investors navigating the forex and crypto markets.

Financemagnates — French Financial Watchdogs Update Blacklist with 50 Unauthorized Forex and Crypto Firms

Blacklisted Firms

French regulators have identified 50 new unauthorized websites offering forex and crypto-asset derivative services this year.

Risk Assessment

Investors are advised to check if their brokers are listed on the regulator's warning list to avoid potential scams.

Unauthorized Platforms: The blacklist includes firms operating without proper authorization, exposing investors to financial risks.
Due Diligence: Verifying the legitimacy of brokers is crucial for protecting investments in the forex and crypto markets.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.