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?
Well this is a good move by the France government to ensure their people that their hard earned money will not be stolen as scam ICOs are now rampant these days.The good thing for France is that they regulate Crypto and ICOs with less Bitcoin tax policies in which for sure many Frenchmen will still join the investments.