The French Financial Markets Authority (AMF) has issued a stern warning to citizens regarding Bybit, a cryptocurrency exchange that has been blacklisted since May 2022. The regulator has urged users to exercise extreme caution when dealing with the exchange, as it is not authorized to offer cryptocurrency services in France.

The AMF's warning has sparked a heated debate on social media, with some users appreciating the advice while others question the regulator's motives. Some argue that the AMF is trying to dictate where people can invest their money, with one user stating, "If we want to invest our hard-earned money as we wish, we'll have to go to even riskier platforms." Others, however, welcome the warning, acknowledging the need for regulation in the cryptocurrency space.

Bybit's lack of a license is not unique to France. The exchange has faced regulatory challenges in other countries, including Canada and the United Kingdom, where it was forced to exit due to strict regulations. Despite this, Bybit remains a significant player in the cryptocurrency market, with a 10/10 trust core rating indicating it is reliable and safe to use.

The controversy surrounding Bybit highlights the ongoing struggle between cryptocurrency exchanges and regulatory bodies. As governments around the world grapple with how to regulate the cryptocurrency market, exchanges like Bybit, Binance, and OKX are taking steps to comply with regulations while also protecting their users. Meanwhile, Coinbase is making headlines by supporting crypto-backed candidates in the US Presidential elections, further blurring the lines between cryptocurrency and traditional finance.