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French Regulators Finally Crack Down on Crypto Scammers by Accepting Their Applications

Crypto NewsRegulation/NegotiationRetail Investors 2 Linda Williams August 15, 2024

An illustration of a French flag waving above the Eiffel Tower while being surrounded by various crypto symbols (e.g. Bitcoin, Ethereum) that are slowly falling into place like puzzle pieces to form a larger image of Europe with MiCA regulation written across it; below this scene is an open book representing compliance and regulations with strict rules drawn around its pages in red ink. In the background there's a subtle clock ticking away towards December 2024 as a reminder for market participants to prepare ahead of time.

It’s about time the French took some actual action against these crypto bros who’ve been scamming people left and right. But let’s be real here – it’s not like this is going to stop anyone from getting rich quick or anything (it won’t, btw). The MiCA Regulation might as well just say “Hey guys, go ahead and keep making fake promises of 1000x returns on your ‘investments’, we’ll just fine you a little later”. I mean seriously though – how many times do people need to get burned before they realize that cryptocurrency is literally nothing more than numbers on a computer created from thin air? And don’t even get me started on the energy usage, transaction fees and all those other “benefits” of using crypto. It’s like the world has gone completely mad

Source: bitcoin.com

French Regulator Begins Accepting Crypto Service Provider Applications Ahead of MiCA Regulation
https://news.bitcoin.com/french-regulator-begins-accepting-crypto-service-provider-applications-ahead-of-mica-regulation
The French financial regulatory authority has begun accepting applications for authorization as a crypto asset service provider under the European Markets in Crypto-Assets (MiCA) Regulation, ahead of its implementation in December 2024. This regulation mandates prior authorization for market participants offering crypto asset services in the EU, with strict adherence to anti-money laundering, cybersecurity, and governance rules. The Autorité des Marchés Financiers (AMF), the French regulatory authority responsible for overseeing […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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