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Thursday, January 28, 2021
Home News France Goes Bullish on ICOs - Opens Doors to Tokenomics

France Goes Bullish on ICOs – Opens Doors to Tokenomics

According to a tweet this week from Bruno Le Maire, the Minister for the Economy and Finance of France, the government has given the green light and passed an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO).

Le Maire stated that the French stock markets regulator Autorité des marchés financiers (AMF) has now been empowered to give licenses to companies that want to raise funds via ICOs. With certain stipulations in place to protect consumers.

This follows news from Brussels that the EU is holding off on being hasty with drawing up new laws for Europe.

At the same time, the EU Parliament’s The All-Party Innovation Group of has drafted a proposal to examine potential new rules that would bring ICOs within the scope of an EU-wide crowdfunding regulation that is currently being drafted. If the European Parliament green lights the proposal, this would mean a common EU-wide regulation and standards for ICOs, which would allow startups to raise funds using tokens and trade in the EU.

Richard Kasteleinhttps://www.the-blockchain.com
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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