The People of France have Spoken: ICOs Are Not Securities

[kreslik.news]

The French financial supervisory authority, the Autorité des marchés financiers, recently held a public consultation on the subject of initial coin offerings, and has now published the results.

The AMF reports on its website that it received 82 responses from individuals, law firms, financial companies, digital finance companies, “market infrastructures”, and academic institutions.

It has been revealed the majority of these “expressed support for the establishment of an appropriate legal framework for this new type of fundraising.” Consequently, the AMF is going to continue working towards developing that framework.

The public consultation was launched as a result of the high level of interest ... (read more)