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.
This is really a contradiction. Abuse of ICO will only damage the cryptocurrency market, but ICO's regulation of cryptocurrencies violates the principle. I think the proper regulation of ICO is beneficial. If the ICO in the world is very good, then the price of cryptocurrency must be very expensive, and now the cryptocurrency downturn is closely related to ICO abuse.