The Finance Minister recently shared a development welcome to the crypto niche. The new France ICO law is in line with President Macron’s call for the growth and advancement of the technology and business sector.
Finance Minister Bruno Le Maire excitedly announced the news on Twitter.
✅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 #blockchain #DirectAN
— Bruno Le Maire (@BrunoLeMaire) September 12, 2018
✅ Article 26 adopted in committee! ➡️ A legal framework is created. will be able to issue a visa to actors complying with the criteria of protection of savers ➡️ this legal framework will attract innovators from around the world
@AMF_actu is the French financial markets regulatory body, Autorité des Marchés Financiers (AMF).
With the France ICO law, the AMF will be able to issue permits for entities to launch ICOs. And, since permits will be issued only to companies that have specific guarantees to investors, the country becomes enticing for companies wanting to float ICOs.