Read

The Autorité des Marchés Financiers says the initiative should help professionalize commercial influence. 
France’s financial regulator, the Autorité des Marchés Financiers (AMF), has revealed a new online general training course to grant legitimate influencers a certificate. 
In a <a href="https://www.amf-france.org/en/news-publications/news-releases/amf-news-releases/amf-and-arpp-launch-responsible-influence-certificate-finance" data-type="link" data-id="https://www.amf-france.org/en/news-publications/news-releases/amf-news-releases/amf-and-arpp-launch-responsible-influence-certificate-finance" target="_blank" rel="noopener noreferrer nofollow">press release</a>, the agency said the initiative should help “professionalize commercial influence, an activity that is now regulated by law.” Influencers should give at least 75% correct answers to 25 multiple-choice questions to pass the so-called Responsible Influence Certificate. However, to obtain the certificate, influencers must also get the General Certificate, developed by the Autorité de Régulation Professionnelle de la Publicité. 
The regulator emphasized the training module covers not only traditional investment products such as equities or ETFs, but also cryptocurrencies and crowdfunding. 
 You might also like: <a href="https://crypto.news/france-seeks-way-for-fast-track-crypto-licenses-as-eu-approves-mica/" rel="noopener noreferrer nofollow"> France seeks way for fast-track crypto licenses as EU approves MiCA </a> 
Marie-Anne Barbat-Layani, chair of the AMF, said the certificate would “protect investors from financial products that are too complex or too risky.” 
The AMF has been actively pushing for crypto regulation since the beginning of the year. In June 2023, Barbat-Layani <a href="https://crypto.news/french-authorities-seek-to-expedite-the-issuance-of-crypto-licenses/" target="_blank" rel="noopener noreferrer nofollow">advocated</a> the mandatory licensing regime for unregistered service providers, including crypto. 
However, as of press time, France is considered a crypto-friendly hub for several cryptocurrency-related businesses, such as <a href="https://crypto.news/binance-france-digital-asset-service-provider-dasp-registration/" rel="noopener noreferrer nofollow">Binance</a> and Société Générale’s crypto unit, Forge, which are registered with the AMF. The registration process includes audits of companies’ governance and anti-money laundering compliance. 
 Read more: <a href="https://crypto.news/france-blacklists-only-two-crypto-related-websites-in-2022/" rel="noopener noreferrer nofollow"> France blacklists only two crypto-related websites in 2022 </a>

France introduces new certificate for crypto influencers

crypto.news

Other articles published on Sep 11, 2023

Preventing Twitter Hacks: Tips After Vitalik Buterin Incident

Bitgamo To Open 75 Crypto ATMS in Europe Next Year

Akumulasi BTC Meningkat, Investor Jangka Panjang Kian Bersemangat

Solana Drops 6% Amid Fears of FTX Sell-off – With a Twist

Terra Luna Classic Validators Divided Over USTC and LUNC Revival Proposal

Bank of Japan Considers Tightening Monetary Policy Sooner, USD/JPY Dips

Join our free newsletter for daily crypto updates!