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.