According to a notice issued on April 9, AMF, the French stock market authority, has warned the public about a company that provides training and software services for digital asset trading and foreign exchange market investment.
The French securities market regulator AMF issued a warning about the operation of Kuvera France. The company is said to be engaged in “highly speculative product” transactions and targeting young people. Specifically, the company offers training courses and software solutions that, on the surface, help clients invest in the foreign exchange and digital asset markets.
In addition, Kuvera also provides users with incentives to encourage users to develop offline and recruit more members. The AMF stated that the company did not have a license to operate in France.
The AMF has previously warned the public about suspicious items in the digital assets arena. In December last year, the agency listed four websites related to digital assets on the blacklist of illegal investments. In the statement, AMF warned investors that the number of unregistered investment projects is increasing.
In September last year, AMF announced the blacklisting of 21 new investment websites, including a number of digital asset-related companies. AMF described the new content as “unauthorized website” and “atypical investment”. It also pointed out that the blacklist is “not comprehensive” and investors should be vigilant at all times.
Last month, Eric Woerth, chairman of the Finance Committee of the French National Assembly, proposed to ban anonymous digital assets, the so-called privacy currency. In addition, Woerth also mentioned possible issues related to digital assets, including fraud, tax evasion, money laundering and energy consumption.