Bybit crypto exchange receives warning from AMF
The AMF, a French Financial Market Authority, has blocked user access to the Bybit website.
The French Financial Market Authority (AMF) has blocked access to Bybit’s website, citing unauthorized operations in France. According to the AMF’s latest statement, Bybit crypto exchange is not authorized to provide digital asset services in France.
The regulatory body mandates that digital asset service providers (DASPs) must register with the AMF before offering services to the public, including operating a crypto trading platform.
The market authority said compulsory registration helps maintain public order by preventing money laundering and terrorist financing, verifying directors’ good reputations and competence, and even implementing specific measures to protect retail investors.
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