ICOs now regulated, expect better ICOs, less Scams

[Zero1One0]

This means that ICO projects coming from France will have to move elsewhere. I guess we won't be seeing ICO's coming from France due to this.
This might also impact French people from joining ICO's in the future.

[Nggedebus]

Here is an except of an article published on coinness. It narrates the French government approval of draft to regulate ICOs

"France Finalizes New ICO Framework to 'Attract Innovators Globally']France's Minister for the Economy and Finance has announced on Twitter that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO).

Bruno Le Maire stated that the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give licenses to companies that want to raise funds via an ICO, with the legislation aiming to help protect contributors' interests."

Is this a good bye to scam ICOs from France?

When it's fully implemented, then there will be big chance it will reduce any chance of scam project significantly.
I hope it will also implemented in another country, so there will be no more scam available.

[anjho.ace]

That is what we need in this community, a regulated ICO.
There are so many SCAM ICO before and they continue to grow because they are not well committed.
They just do project and run with the money of investors.
This reduce a big number of investors in this crypto world which is bad to its health.

[covfefe_]

This should be done everywhere and the projects should be made liable to their work.
Investors should only choose those projects that are being regulated by the local government and the investors should have the right to sue the project for misdeed in local jurisdiction.

[ableh]

I hope all countries will do this, although basically cryptocurrency is decentralized but I think the ICO project is excluded. With the existence of a regulator if something bad happens to the ICO, at least investors are not confused anymore where to complain. Besides being able to reduce scam ICO, I am sure this will also give more trust to investors to participate in the ICO.

[jpoker272727]

Regulation on Initial Coin Offering is a must.
Projects are just coming and they are not regulated, many scam has been done and it give a lot of problem now with investors.
Millions or Billions of dollars now are gone because of scam ICO, i think this one put addition on falling market too.

[Xiaolongnu]

I hope so, more regulations on ICO will make less scam projects and investors will feel safer to invest in new ICO, this will bring ICO back to us.

[senin]

Here is an except of an article published on coinness. It narrates the French government approval of draft to regulate ICOs

"France Finalizes New ICO Framework to 'Attract Innovators Globally']France's Minister for the Economy and Finance has announced on Twitter that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO).

Bruno Le Maire stated that the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give licenses to companies that want to raise funds via an ICO, with the legislation aiming to help protect contributors' interests."

Is this a good bye to scam ICOs from France?

Determining the state regulator and issuing a license for ICO activities in any case will play a positive role in reducing fraud in this type of activity. However, more specific information about this is needed. Very good rules have been developed for the regulation of ICO activities in Russia. There, the entire fundraising process is going to be carried out through banks, and the state authorities will control even the targeted use of the funds raised.

[Shatterlean22]

Good,this will deal with scam projects running away with investors money but why france alone ? Well it's a step forward maybe other countries will learn and follow same steps

[poodle63]

Here is an except of an article published on coinness. It narrates the French government approval of draft to regulate ICOs

"France Finalizes New ICO Framework to 'Attract Innovators Globally']France's Minister for the Economy and Finance has announced on Twitter that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO).

Bruno Le Maire stated that the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give licenses to companies that want to raise funds via an ICO, with the legislation aiming to help protect contributors' interests."

Is this a good bye to scam ICOs from France?

Determining the state regulator and issuing a license for ICO activities in any case will play a positive role in reducing fraud in this type of activity. However, more specific information about this is needed. Very good rules have been developed for the regulation of ICO activities in Russia. There, the entire fundraising process is going to be carried out through banks, and the state authorities will control even the targeted use of the funds raised.

That means if the regulators will have all of the control over the funds. I guess this will be a very interesting thing but at the same time this will become the beginning of the regulation in the cryptocurrency. the taxation has already started in the EU. I expect more countries will come.

[el_lobo]

This regulation is certainly not bad, but i have read of another solution.
Reverse ico seems to be the solution to the ico problem.
I have read that many times before and i think that will be the future of ico.

[Accts4u2]

This is really what we need, once the icos are now better regulated there are going to be better coins coming into the market, with things like this, there is no way that we are going to keep worrying about scams. Now that there are regulations I think I am going to start investing in the coins again. This is really good news if you as me

[ambisyon]

If ICO regulation is necessary for the purpose of eliminating those scam ICO's, I would definitely support such implementation as I believe that the people's trust in ICO will resume again. Unlike in the current situation where ICO scams are very rampant and many people are being victimize by these scammers. I hope it will not be only in France but it should have to be global and no exception.