The French Ministry of Economy and Finance confirmed that the regulatory framework proposed by the AMF (l’Autorité des Marchés financiers) would recognize ICOs as a legitimate investment vehicle. The ministry also said that preliminary consultations with stakeholders and associations are needed.
The AMF wants to create a license for ICOs, which should create confidence among investors.
A licensed ICO means that the token issuer must provide investors with certain guarantees regarding the use of funds, including ICOs that are not licensed or prohibited.