Breaking: French Regulator Outlines ICOs as a Challenge, Urges EU Action

[kreslik.news]

Robert Ophele, President of the Autorité des Marchés Financiers (AMF), has highlighted several challenges for the regulator. The watchdog expresses concern about the effectiveness of the existing legal framework in determining where ICOs fall in terms of regulation.

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The rise of the ICOs appears to be worrying the AMF. After analysing several cases, the French regulator expresses the opinion that the sale of tokens via ICO does not fall under any existing legal category.

For EU authorities, the difficulties ... (read more)