A cross-party bill seeks to ban influencers who are not registered with the Autorité des marchés financiers (AMF) from promoting crypto projects. It has the backing of the government, according to our information.

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The fall of FTX has not only prompted the French authorities 🇫🇷 to get tough with crypto players (cf. the recent law speeding up the timetable on PSANs). Influencers in the sector are also being targeted. A draft law aimed at "combating scams and abuses by influencers on social networks" will be examined in session at the National Assembly on 27 March.

Rarely enough to be highlighted, this is the result of the cross-party work of two MPs: Arthur Delaporte (PS) and Stéphane Vojetta (Renaissance). According to our information, this proposal has also received the support of the government.

Grégory Raymond

Gregory Raymond is a French journalist specializing in economics and cryptocurrencies, currently head of research at The Big Whale.

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Raphaël Bloch

Raphaël Bloch is co-founder and CEO of The Big Whale, a news platform focused on cryptocurrencies. A former journalist at Reuters, Les Echos, and L’Express, he is a graduate of emlyon and the CFJ.

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