The Autorite des Marches Financiers (AMF), France’s stock market regulator, proposed ICO rules include the introduction of a visa for companies interested in launching ICOs. An ICO backed by such visa will indicate AMF approval, resulting in better security for the investors. However even ICOs without a visa would still be allowed.
AMF announcement of the proposed rules indicates France’s liberal approach to ICOs, especially compared to a number of other countries. AMF quoted the example of the US government’s actions against ICOs to show that it’s looking to take a different approach.