The French securities market watchdog, the financial Markets Regulator (AMF), has blacklisted four crypto-related websites for unauthorized investment offerings, in line with an official statement revealed Friday, Dec. 15.

The AMF announcement notes 9 corporations that are allegedly in operation while not necessary regulatory approval, as well as four crypto-related corporations.

In the announcement, the securities market regulator warns investors regarding the increasing range of unregistered investment projects, claiming that “new unauthorized actors appear frequently.”

The recent blacklist includes such crypto-related websites as iminage.com, elos-patrimoine.com, infoconso.info, and live-crypto.com.net. Elos-patrimoine claims to supply “risk-free” crypto investments, promising “professional support” powered by a “long expertise in all areas of investment.” Introducing itself as a “manager of European heritage for fifteen years,” the Elos-patrimoine speculated to guarantee monthly minimum returns of 3-5 %.

The other websites blacklisted by the AMF included four businesses regarding the wine trade, and one web site giving investments in diamonds.

The AMF is an independent public establishment that's answerable for protecting investors and maintaining orderly monetary markets. In late November, the AMF participated in a joint initiative with France’s central bank to warn the general public about the risks related to the “speculative” nature of crypto assets.

Earlier in November, the AMF released a report claiming that the initial coin offering (ICO) business within the country represents a small a part of the overall world ICO market. In line with the study, the world ICO market increased 19.4 billion euros ($21.8 billion) since 2014, whereby France accounted for eighty nine million euros ($100 million) raised in fifteen ICO projects.

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