The French Parliament at the legislative level approved the rules for holding initial offers of coins (ICO). This was reported by Finance Minister Bruno Le Mare in his Twitter.
"Legislative base for ICO is created. It will help attract innovators from all over the world " he wrote.
According to the document, for the ICO in France, the company must obtain permission from the French Financial Markets Authority (AMF). Token issuers at the request of AMF provide the necessary information that will ensure that customers are aware of the decisions of the organizers of the Crowdsdale. Particular attention will be paid to the criteria for investor protection.
It should be noted that the adopted normative legal act is part of the broader program of President Emmanuel Macron to stimulate growth and business transformation.
Back in January, Bruno Le Maire announced the creation of a working group to develop mechanisms for the regulation of the Crypto-currency. It was headed by the former representative of the Bank of France Jean-Pierre Landau.