Despite calls to unify the regulation of cryptocurrencies and ICO in the European Union, France introduced its own rules for the initial placement of tokens.
On 12 September the Minister of economy , Bruno Le Mayor (Bruno Le Maire) announced on Twitter that the special Committee of the French National Assembly approved a bill creating a legal framework for regulating the ICO and demanding protection and guarantees for 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 will allow the Office of financial markets (AMF) to issue permits to companies that want to attract investment through tokentalk.
The introduction of new rules also means that the organizers of the ICO will be required to provide the regulator with detailed information about your proposal. This will allow investors to test the project before you invest in it.
Recall that in early September the experts of the Belgian research center Bruegel prepared a report, which could be the basis for the standardization of regulation of cryptocurrency and blockchain in the EU. However, the proposal for unification of the rules has not yet gained widespread support.