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, […]
An solid gold toilet from Churchill's birthplace goes missing. | Source: AP Photo, File Golden toilets don’t come around very… Read More
eToro , an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading.Speaking ahead of the Ethereal… Read More
Credit: Dreamstime Research firm Gartner, whose past evaluations of blockchain have been conservative to say the least , expects the… Read More
The year is 2017. Cryptocurrencies and their underlying blockchain technology are sternly poised to take over the world. Investors, all… Read More
Much like banks, there is competition with the Ethereum decentralized finance (DeFi) ecosystem; each protocol and ecosystem offers different benefits… Read More