French Watchdog to Ban 15 Crypto-Related Websites

The majority of the websites are registered in United Kingdom
16 March 2018   867

France's financial market regulator Autorite des Marches Financiers (AMF) blacklisted 15 sites related to cryptocurrencies. According to the authorities, these websites publicly promote investment proposals prohibited in the territory of the EU way. In the "black list" there are already sites that illegally offer to invest in assets such as precious stones and rare earth metals. This is reported by Coindesk.

Companies in France offering the purchase of rights over goods promoting the possibility of a yield or its economic equivalent are subject to the regulation of diverse goods and as such their offer must have a registration number provided by the AMF.

AMF Annoucement

The list includes 15 sites, whose owners were notified that they violated the law, but despite this continued to operate. Most sites are registered in the UK.

Among them, AKJ Crypto, for example, offers a wide range of services, from asset storage to account management. Another site - Crypteo - is a crypto-currency marketplace.

AMF also reminds investors that the high yield of the instrument most often implies a high degree of risk.

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   79

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.