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Cryptoassets & Blockchain Legal News

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France

Online Crypto Derivatives Ads should be banned says French regulator

February 22, 2018 by Ashley MAO

In a recently released a statement , L’Autorite Des Marches Financiers (AMF)  –  France’s stock market regulator –  said that online marketing of cryptocurrency derivative products should be banned, according to current, broader rules on derivatives.

The agency established that “cash-settled cryptocurrency contract may qualify as a derivatives, […]” and “are subject to the provisions of the Sapin 2 law, and notably the ban of advertisements for certain financial contracts.”

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Ashley MAO, Coinlaw

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Ashley MAO is a member of the Coinlaw team. Read more about our team.

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