French Watchdog to Ban 15 Crypto-Related Websites

The majority of the websites are registered in United Kingdom
16 March 2018   672

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.

SoftBank & Baidu to Invest in Atlas Protocol

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance
21 August 2018   130

The Atlas Protocol marketing module (ATP) has completed a round of attracting initial funding, led by SoftBank China Venture Capital (SBCVC), having collected several million dollars during it.

In a multimillion-dollar round, the exact amount of which was not disclosed, Baidu Ventures (BV), Danhua Capital and Fenbushi Digital also took part.

Atlas Protocol was created by Nebulas Labs and xGoogler Blockchain Alliance (xGBA). The "first developer" of Google Adwords, Jeremy Zhao and Columbia University Professor Ronggui Gu will serve as project advisors on technical issues.

Atlas Protocol plans to create a blockchain ecosystem and "to form a new paradigm of interactive marketing." According to the press release, ATP allows you to rank "calculated values ​​on the block and transfer value using tokens" using the ATP Smartdrop service application.

xGoogler Blockchain Alliance was formed in April this year as a community of former Google employees interested in blockchain technology. Its founders were the developers of projects Nebulas, Loopring and Gifto.