🔹 The AMF announced on Wednesday that it has approved the first public initial coin offering in the country. French Law №2019–486 of 22 May 2019, also referred to as the Action Plan for Business Growth and Transformation (Pacte) law, has introduced a specific regime for crypto assets and ICOs in France. Adopted on April 11, the law gives issuers the option to obtain approval for their token sales from the AMF.
🔹 The new regime introduced by the Pacte law “is intended to promote the development of ICOs,” the AMF detailed, adding that it only applies to the issue of utility tokens and does not apply to Security Token Offerings (STOs).
🔹 As we can see, the world continues to change towards coin offering regulations and this is the good sign
Tell us your thoughts on the new crypto regulations in the comments
🔥 And if you looking for a marketing partner for your project — just visit our website
🔎 And be sure to check the full article