It makes sense for regulation to happen at the ESMA level, ensuring a Europe-wide framework for regulating the digital currency markets, according to a new AMF policy paper.
The court backed a previous ruling handed down in December 2020, which found that Vinnik had been guilty of money laundering and had provided false information about the origins of funds to authorities.
Autorité des Marchés Financiers Chairman Robert Ophèle has proposed that the European Securities and Markets Authority should be in charge of the digital currency industry.
France is reportedly preparing to introduce a raft of new legislation governing the digital currency sector, including tougher KYC rules for digital currency transactions.
Alexander Vinnik has been sentenced to five years in jail by a judge in France. The United States and Russia still want Vinnik extradited.
The present case is focusing on Alexander Vinnik’s alleged involvement in ransomware fraud to the tune of $159 million.
Autorité des marchés financiers updated its blacklist, adding dozens of firms that are outright scams or aren’t registered in France to offer their services.
Alexander Vinnik was extradited to France, where he is accused of defrauding over 100 people between 2016 and 2018.
Prosecutors in Paris are petitioning to start the trial of digital currency money laundering suspect Alexander Vinnik.
The Autorité des Marchés Financiers set out details of the recently blacklisted companies to raise awareness of unregulated operators.
The memorandum is aimed at removing barriers to firms looking to operate interchangeably between the two markets.