French Regulator Issues Warning About Bybit and Blacklisting
French Regulator Bybit Warning: Blacklisting and Regulatory Concerns
The French Financial Markets Authority (AMF) cautions users about Bybit, emphasizing its blacklist status and lack of required registration for offering services in France. The AMF recalls that Bybit has been on the blacklist since May 20, 2022, and stresses the need for mandatory registration for cryptocurrency services. Failure to comply may result in legal actions to block Bybit's operations in France.
France Remembers That Bybit Is On the Blacklist
The AMF reminds users that providing digital asset custody services requires prior registration to prevent financial crimes and protect investors. The regulator has the authority to take legal measures against Bybit if necessary and advises users to remain cautious should the exchange cease operations in the country.
- The AMF emphasizes the importance of registration for digital asset services.
- Legal actions may be taken against Bybit if compliance is not met.
Despite restrictions, Bybit maintains a high trust core rating of 10/10, positioning itself as a reliable platform for users.
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.