Date: 7 months ago   Category: Economy

The government of France will control ICO


The French finance minister Bruno le Mera has written in the twitter account that the government of the country has approved new regulations of ICO. Now Management on the financial markets (AMF) will be able to control activity of startups and to give them permission to holding a campaign for fund raising.

Issuers of tokens will have to give to investors certain guarantees and provide detailed information on the project. Before AMF has announced a token sales insufficient control, it increased probability of losses of means, money laundering and financings of terrorism.

Under the leadership of the president Macron France tries to become the attractive country for cryptocurrency business. The president of the country announced the plan for business development to simplify work of the local companies and to enter the legal framework for receiving financing through ICO. In the spring of 2018 the French government has lowered taxes on digital money almost twice - to 19%.

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