Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
France's securities regulator has issued a renewed warning against crypto exchange Bybit, urging customers to “make arrangements for the eventuality that the platform suddenly cease to provide services” to customers in France., the Autorité des Marchés Financiers said that the exchange was not registered as a digital asset service provider and was therefore offering its services illegally in France. Bybit has been blacklisted by the AMF since May 20, 2022 for operating illegally.
The notice appears to hint at a possible coming enforcement action against the platform, reminding investors that the AMF “reserves the right, under the terms of the Monetary and Financial Code, to take legal action to block the website of this platform” and that retail investors should “take all necessary measures to avoid being unable to access their assets.”
The warning from the AMF echoes a similar warning against Bybit by Hong Kong’s financial regulator – in March, the Securities and Futures Commission added Bybit to its list of suspicious crypto exchanges andin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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