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French Regulatory Agency Sees 14,000% Surge in Crypto-Related Scam Enquiries Since 2016

Published 05/07/2019, 01:19 PM
Updated 05/07/2019, 01:42 PM
French Regulatory Agency Sees 14,000% Surge in Crypto-Related Scam Enquiries Since 2016

The French stock markets regulator AMF has seen over a 14,000% surge in enquiries related to fraudulent crypto offers in 2018 as opposed to 2016, the agency wrote in a new annual report released May 7.

In the report, the Autorite des Marches Financiers (AMF) specified that the number of enquiries associated with crypto-related scams online has surged to over 2,600 in 2018 from only 18 similar enquiries back in 2016.

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