France wants the country to become a leading ICO center. In a recent opinion, French finance minister Bruno Le Maire plans to establish a legal framework for initial coin offerings (ICOs) so that the country can become a leading ICO centre.
France is the country’s leadingdoes everything to become a top ICO center
In a document published on the French website Numerama, Bruno Le Maire’s It is stated that he asked former central bank official Jean Pierre Landau to propose a legal framework regarding cryptocurrencies.. The article in question reads:
France is doing everything to become the first major financial center to propose a temporary legal framework for companies offering ICOs.
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Jean Pierre Landau has a nickname called “Monsieur Bitcoin”. He was also elected to the cryptocurrency special task group in France last month. Jean Pierre Landau’s scope of duty is described as “guiding the way regulations are made.” It has been stated that within an action plan to be submitted in a few weeks, Autorité Des Marchés Financiers (AMF), the French securities market regulator, may authorize companies to raise funds through ICOs.. However, special criteria to protect investors need to be taken into account.. Bruno Le Maire added:
A revolution led by Bitcoin is still going on. Blockchain will offer new opportunities to our entrepreneurs. For example, it will enable “tokens” to raise funds through “ICOs”. It promises to create a web of trust without intermediaries, offering greater traceability and increasing. This creates a very important economic yield.
G20 communiqué revealed that it will not put pressure on cryptocurrencies
France has a tradition of financial innovation, according to Bruno Le Maire exists and its new goal is to guarantee all players the necessary security for their development.. Entering the financial world of the century. The French Blockchain revolution should not be overlooked.
The country also called for cryptocurrencies, which will be discussed especially at the G20, together with Germany. At the summit, in Buenos Aires, Bruno Le Maire emphasized the importance of cryptocurrency and Blockchain technology. Although regulatory proposals arrived by July, the G20 communiqué revealed that it will not put pressure on cryptocurrencies.
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