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France’s financial regulator granting the country’s first approval for an initial coin offering

France’s financial regulator, the Autorité des Marchés Financiers (AMF), recently granted the country’s 1st approval for an ICO application made by a firm that has developed a platform for funding projects using cryptocurrency, French-ICO.

It is the 1st to be white-listed with a notice posted on the AMF website, and with the approval, the firm can market directly to the public in France. 💬

The AMF also explained that it has only approved the ICO proposal, not the token issuer. The country’s primary regulator highlighted that interested issuers can only apply for 1 ICO over a maximum period of 6 months.

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