France set to approve the first batch of crypto firms under new rules
France’s financial regulator, Autorite des Marches Financiers (AMF), is set to approve the first batch of cryptocurrency firms under its new rules, which come into effect later this month.
The regulator is in talks with “three or four candidates” for initial coin offerings (ICOs), as well as with several other cryptocurrency exchanges, custodians and fund managers, Anne Marechal, executive director for legal affairs at the AMF told Reuters on Tuesday.
France adopted cryptocurrency regulations in April, which includes issuing certification for cryptocurrency issuers as well as taxing their revenue. At the time, the country also asked other EU nations to adopt its regulations to have a “single regulatory framework” across the region.
France, which currently holds the Group of Seven (G7) presidency, is also set to create the group taskforce on stablecoin projects, including Facebook’s planned cryptocurrency, Libra.
