{"id":6003,"date":"2018-05-10T11:32:59","date_gmt":"2018-05-10T11:32:59","guid":{"rendered":"https:\/\/insights.invyo.io\/europe\/?p=6003"},"modified":"2018-05-28T11:50:33","modified_gmt":"2018-05-28T11:50:33","slug":"an-inevitable-march-towards-regulation-for-icos","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/europe\/analyses\/an-inevitable-march-towards-regulation-for-icos\/","title":{"rendered":"An inevitable march towards regulation for ICOs"},"content":{"rendered":"<p><strong>ICOs are gradually finding better recognition everywhere. Faced with a new mode of financing which has proved its worth, the inevitable march towards regulation has begun, France having decided to jump onboard before missing out on the opportunity.<\/strong><\/p>\n<p>In a few months, probably after summer, the French regulator AMF (Autorit\u00e9 des March\u00e9s Financiers; The Financial Markets Authority) will publish its<strong> good conduct instructions<\/strong>. In this case, it consists of visas: exactly the same as for companies that would like to <strong>float on the stock market<\/strong>. The difference this time being that the door is opened for those<strong> launching an ICO<\/strong> (Initial Coin Offering).<\/p>\n<h3>France, a promised land for ICOs<\/h3>\n<p>This simple fact illustrates well that the <strong>tide is turning<\/strong> from a regulatory point of view, at least in France. It is trying now to be a <strong>welcoming land for ICOs<\/strong>, and it seems that the principal itself of these fundraisings has well and truly found a more than favourable reception. For the AMF, this consists in particular of <strong>giving an opinion on projects<\/strong>, staying close to this area but also attempting to \u201cprotect\u201d investors by bringing their <strong>credit to a project<\/strong>.<\/p>\n<p>Emmanuel Macron in fact already <strong>seemed in favour<\/strong> when he was minister of the economy. His successor Bruno le Maire is following suit. He recently wrote on Twitter:<\/p>\n<blockquote><p>\u201cWe will not miss out on the blockchain revolution! Cryptoassets, bitcoin, fintech\u2026.France wants to spearhead building tomorrow\u2019s world!\u201d<\/p><\/blockquote>\n<h3>The beginning of a new world<\/h3>\n<p>Although there has been an appreciable difference in France taking steps <strong>in favour of the blockchain<\/strong>, ICOs and cryptocurrencies generally, we are only at the beginning of this adventure.<\/p>\n<p>Many questions remain, for traditional investment funds but also for Family Offices and other <strong>traditional investors<\/strong>. The same applies for expert accounting firms, but also banks that still balk at offering <strong>bank accounts<\/strong> to hold funds coming from ICOs.<\/p>\n<p>We still have a long way to go and for the moment, a large part of the manna from heaven that generates ICOs still <strong>evades France<\/strong>. Proof of this is that the <strong>vast majority of projects<\/strong> find their success elsewhere. We have even seen some companies moving abroad for <strong>fiscal reasons<\/strong>, evidence that France is not yet as friendly as it maintains. Malta, Gibraltar and even Switzerland have picked up on this and like to think of themselves as these <strong>(financial) welcoming lands<\/strong>.<\/p>\n<p>This is the beginning of a new world. There is everything to play for, in ICOs as much as in the blockchain in general. <strong>6.3 billion dollars<\/strong> were raised <strong>via ICOs<\/strong> just in the first quarter of 2018, already <strong>more than in 2017<\/strong> altogether. For the time being France only accounts for <strong>2.5% of this amount<\/strong>; less than Lithuania (2.47%), Estonia (3.71%) or Gibraltar (2.47%).<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ICOs are gradually finding better recognition everywhere. Faced with a new mode of financing which has proved its worth, the inevitable march towards regulation has begun, France having decided to jump onboard before missing out on the opportunity. In a few months, probably after summer, the French regulator AMF (Autorit\u00e9 des March\u00e9s Financiers; The Financial [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":6004,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[551],"tags":[1044,241,134,1675,2021,1283,1983,280,2022,82,307,2023,1632,2024,1953,1047,2001,1674,809,586,217,1676],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An inevitable march towards regulation for ICOs - INVYO Insights Europe : Media Fintech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.invyo.io\/europe\/analyses\/an-inevitable-march-towards-regulation-for-icos\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An inevitable march towards regulation for ICOs - INVYO Insights Europe : Media Fintech\" \/>\n<meta property=\"og:description\" content=\"ICOs are gradually finding better recognition everywhere. Faced with a new mode of financing which has proved its worth, the inevitable march towards regulation has begun, France having decided to jump onboard before missing out on the opportunity. 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