Categories: ICO

French MPs Propose Legal Framework for All ‘Digital Assets’ Providers, Sources Report

Click here to view original web page at cointelegraph.com

The French government is reportedly planning to provide a legal framework for all “digital assets” providers, local news agency LesEcho.fr reported September 21.

Three members of President Emmanuel Macron’s party, La République En Marche (LREM), have proposed an amendment to French legislation for regulating all service providers in the crypto industry, sources told LesEcho.fr. The National Assembly is reportedly set to discuss the amendment by the end of September.

The amendment, tabled by LREM MPs Valeria Faure-Muntian, Christine Hennion, and Eric Bothorel, has the aim of widening the existing legal framework in order to allow all crypto market participants to receive approval from the main stock market regulator in France, Autorité des Marchés Financiers (AMF). LesEcho.fr writes that seeking approval would be optional, adding:

“Each actor will be free to ask for it. But it is clear that obtaining this license will be a guarantee of credibility and seriousness.”

Back in July, Jean-Pierre Landau, a government official and academic, released a report stating not to over-regulate cryptocurrencies, Cointelegraph reported.

Earlier this month, the French stock markets regulator Autorité des marchés financiers (AMF) received legal powers to give licenses for Initial Coin Offering (ICO)- related companies in order to “attract investors from all over the world,” according to the French Finance Minister Bruno Le Maire.

Three members of President Emmanuel Macron’s party, […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Bitcoins and Cryptocurrency: Myths and realities

Part 2: The Journey This is a story of secret beginnings. A story of a brilliant idea, born of trying… Read More

5 hours ago

Twitter is Losing its S%# Over This $4 Million Golden Toilet

An solid gold toilet from Churchill's birthplace goes missing. | Source: AP Photo, File Golden toilets don’t come around very… Read More

5 hours ago

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

eToro , an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading.Speaking ahead of the Ethereal… Read More

5 hours ago

Gartner sees blockchain as ‘transformational’ across industries, in 5-10 years

Credit: Dreamstime Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least , expects the… Read More

11 hours ago

The Future Lies in Blockchain: Circle CEO Jeremy Allaire Backs China’s Cryptocurrency and Facebook’s Libra

The year is 2017. Cryptocurrencies and their underlying blockchain technology are sternly poised to take over the world. Investors, all… Read More

11 hours ago

Ethereum-based Staked Not Efficient, Claims DeFi Builder

Much like banks, there is competition with the Ethereum decentralized finance (DeFi) ecosystem; each protocol and ecosystem offers different benefits… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More