France’s Financial Markets Regulator blacklists four cryptocurrency companies

France’s Financial Markets Regulator (AMF) released a statement concerning nine organizations operating without their authorization. Four cryptocurrency companies, live-crypto.net, infoconso.info, elos-patrimoine.com and iminage.com have been blacklisted.

France’s AMF is similar to the U.S.’ Security and Exchange Commission (SEC) in that they monitor and regulate France’s financial markets, as well as warn investors of dubious investment opportunities.

According to AMF, the four blacklisted cryptocurrency companies have been identified as “websites proposing in France to invest in various goods without having the necessary authorizations.” On their page, live-crypto.net claims to be “a team of experts in the digital currency industry” yet they lack proper authorization from AMF. Additionally, all four websites also pose security issues and flash in warning signs when trying to visit.