The Autorite des Marches Financiers (AMF), the French financial markets regulator, has approved its first Initial coin offering (ICO).
Even though the token sales stay legal as an option of fundraising in France, those that had been approved by the AMF might be marketed directly to the general public.
The AMF shows a whitelist of ICOs on its website that had been approved; blacklist displays misleading or inaccurate data or their approval withdrawn. Besides, the ICO that has been approved by the issuer is an organization called French-ICO. As per its site, the token’s public offering is planned to start on March 1 and end on June 1.
The French financial regulator clarified,
“It issues approval to ICOs, not their issuers. The information document approved by the AMF concerns only one ICO over a period that may not exceed six months and is valid only for the period of the offering described in the information document.”