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France passed regulatory bill, legalized cryptocurrency ICO

France passed regulatory bill, legalized virtual currency ICO  - shutterstock 534148672 696x465

France’s Bruno Le Maire Finance Minister announced on Twitter on 12th that the ICO regulation bill passed in the same country on the 12th.

The French financial market regulatory authority (AMF) has started a study on the bill and ICO for several months.

✅Article 26 adopté en commission # PACTE!

➡️Un cadre juridique des # ICO est créé. L ‘@ AMF_actu pourra délivrer un visa aux acteurs respectant des critères de protection des épargnants
➡Ce cadre juridique va attirer les innovateurs du monde entier # block chain # Directian

– Bruno Le Maire (@ BrunoLeMaire) September 12, 2018

In the EU where the regulations around the cryptocurrency and ICO are unclear, France will be the driving force for other EU member countries around this new framework of ICO.

The bill approved this time is “AMF has authority to authorize enterprise to implement ICO” .

In addition, it is said that companies applying for it need to provide detailed information on ICO to AMF. It seems that investors will be able to decide whether to invest in ICO.

It is reported that the ultimate goal of the bill passed this time is to become a role like a shield to protect investors from fraudulent ICOs that are rampant recently.

The move towards ICO-related legislation has been confirmed by the European Parliament, and it seems that the establishment of standards that are common to Europe is under way.

France passed regulatory bill, legalized virtual currency ICO  - IMG 20171104 130322 663


It is nice to have more crypto-friendly countries in the EU!

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/france-announces-new-regulation-on-ico/

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