The question is will the new rules concerning ICO's in France result in a cumbersome and expensive bureaucratic process that will kill of the few ICO's coming out of France? Given that they have handed the job to the stock market regulator it is quite likely that will be the result.
There are always trade offs, those are my fears too, that we do not kill innovations when complex government bottlenecks are required before you can launch a project, the good part is that we get to see less scams and investors protection of some sorts.Only time will tell how this eventually plays out