The French government legalized ICO

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Local startups will have to obtain the permission of the financial regulator to carry out the project for the initial placement of tokens on the territory of the country

French Finance Minister Bruno Le Mayor wrote in his Twitter account that the country’s government approved new regulations on ICO. Now the Office of financial markets (AMF) will be able to monitor the activities of startups and to give them permission to hold a campaign to raise funds.

The token issuers should give investors some assurance and to provide detailed information about your project. AMF previously stated a lack of control token-Salem, this increases the likelihood of loss of funds, money laundering and the financing of terrorism.

Under the leadership of President macron of France is trying to become an attractive country for cryptocurrency businesses, said the journalists Bitcoin.com. The President announced a plan for business development, to help local companies and enter the legal field for funding with ICO. In the spring of 2018, the French government lowered taxes on digital money almost doubled to 19%.

More news on cryptocurrency can be found in our telegram channel RBC-Crypto.

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