Call For Vigilance On Virtual Currency

The Autorité des marchés financiers is asking the public to show “the utmost vigilance” to the solicitations associated with PlexCoin, presented as a virtual currency to be launched this month.

In a statement on Thursday, the AMF pointed out that on July 20, at its request, the Financial Markets Administrative Tribunal issued orders against an individual, Dominic Lacroix, and four entities, PlexCorps, PlexCoin, DL Innov Inc., Gestio inc “in connection with their activities associated with an investment in the purchase of PlexCoin”.

The Court ordered them, among other things, to “withdraw any advertisement or solicitation made on any Internet site of discussion or otherwise, in connection with any securities or any form of investment, published or broadcast over the internet or otherwise, directly or indirectly. by these “. These people were also ordered to close the PlexCoin and Facebook related websites to close the PlexCorps and PlexCoin accounts.

On one of their websites, the promoters of PlexCoin say that their product is “a cryptocurrency which is entirely decentralized, so without central authority”, which allows faster transactions than with Bitcoin.

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About the Author: Jane Taylor

Jane is a 25-year-old from Kentucky that loves to share her passion for technology with others. Apart from running her own YouTube Channel (thetech2020), which uploads weekly videos that cover ground-breaking new technology, she spends her time developing enterprise software. She recently spent her summer working at BlackBerry as a software engineer, and will be returning this summer. In regards to academics, Jane studies Electrical Engineering & Computer Science at Guelph University and in her free time, she loves to watch hockey, read, and hang out with friends. To contact Jane, just click here

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