France introduces ICO regulations to protect investors

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Despite calls for the EU to unify its regulation of cryptocurrencies and blockchain, France has taken the initiative and introduced its own regulations for initial coin offerings (ICOs).

In a tweet yesterday, French Minster of Economy and Finance, Bruno Le Maire, announced the approval of a legislative framework which would require ICOs floated in France to provide safeguards and guarantees to investors.

✅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

The new legislation would allow French financial authorities, the


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