France authorities intensify efforts to curb burgeoning crypto scams.
Cryptocurrency popularity in France has led to more financial scams, causing authorities to take urgent steps to protect consumers.
The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, is very concerned about the increase in scams involving fake crypto investments.

Recent reports show that victims of fake savings accounts lost about €69,000, while those impacted by fake loans lost around €19,000. Crypto-asset scams have increased since mid-2023, with victims losing about €29,000 on average.