AMF

French AMF Slaps €300K Fine on Polish Broker XTB

Source Node: https://www.financemagnates.com/forex/regulation/french-amf-slaps-e300k-fine-on-polish-broker-xtb/
Time Stamp: November 10, 2021 7:24 AM - Modified On: November 10, 2021 - Published By:
Source Cluster:
Republished By Plato

The Sanctions Commission of the French financial markets regulator, the Autorite des Marches Financiers (AMF), has issued a warning against X-Trade Brokers (XTB) and also imposed a penalty of EUR 300,000 on the broker for breaches of its professional obligations in France.XTB is a Poland-headquartered broker and operates in France by passporting its Polish license. According to the regulator’s announcement, the breaches were made under the activity of XTB’s French branch between November 2013 and February 2020.Major BreachesThe Commission penalized the broker for three major breaches: shortcomings in service promotion,

Coinhouse Become Officially Registered With French Financial Markets Authority

Source Node: https://insidebitcoins.com/news/coinhouse-become-officially-registered-with-french-financial-markets-authority/256720
Time Stamp: April 6, 2020 9:14 PM - Modified On: May 21, 2021 - Published By:
Source Cluster:
Republished By Plato

Coinhouse, a platform for buying and trading cryptocurrencies, is now the first company related to cryptocurrencies that has been registered with France’s Financial Markets Authority (AMF).According to a report from CoinDesk, this means the platform could gain access to banking services in the country.Speaking on the matter is Julien Moretto, a spokesman at Coinhouse, who said to the publication:“It’s a recognition from the AMF that you’re a serious actor and do some strict [know-your-customer] policy.”The main thing Coinhouse had to do was ensure it could freeze assets in case of