In France: a scam of more than 31 million euros in Bitcoin shakes the country

in #bitcoin5 years ago


In France, lovers of cryptocurrencies have fallen prey to a large-scale scam. Nearly 700 French crypto-holders have lost up to 31 million euros since the beginning of the year.

The method of criminals remains the same


According to the Financial Markets Authority ( AMF ), the cryptocurrency swindle spread widely in early 2018, a period in which the crypto-currency rate began to turn to massacre. A good number of French people openly showed their frenzy to follow the crypto-trend, just what it took to bait the victims.

The scammers seduced the masses with promising and often flashy commercials, associated with investments in Bitcoin. More than 200 fraudulent websites have been uncovered . The main purpose of these sites is to steal the names and phone numbers of the victims so that they can promise them false returns.

Hélène Feron-Poloni, lawyer specializing in heritage issues, points out that "in a way, it is this precipitation combined with the lack of knowledge in this area that is at the origin of what is happening to France"

"Bitcoin is very complex to understand, very technical. Investors do not necessarily understand what is happening, but simply say: this time, I do not miss the opportunity to make money.

France is considering regulating the crypto-market

The country has not yet established a law to regulate the circulation of crypto-assets (a term often used in Senate committees). However, in September of this year, the Macron government introduced a regulatory framework for Initial Coin Offering ( ICO ). A promising start.

According to recent reports, it is now considering extending this framework to the cryptocurrency market. For starters, virtual currency exchange services and private key repositories will be required to register with the AMF.

On the other hand, we know that France is not the only country to initiate this movement. Officials in the Belgian government also expect Bitcoin and other fraud to exceed 100 million euros, further encouraging them to work together to find an appropriate solution to eradicate this exogenous plague .

What do you think of the Bitcoin scam that is hitting France and the effort the government is trying to put in place to eradicate it? Tell us your opinion in the comments section!


Posted from our website : https://infos.link/in-france-a-scam-of-more-than-31-million-euros-in-bitcoin-shakes-the-country/

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