With the future French PACTE law, currently under discussion, the legislator wishes to create an incentivising legal environment for all crypto-active actors.
The French legislator’s approach is very clear: to identify the issues on which its intervention is necessary, particularly to protect investors, while at the same time allowing this new means of raising funds to prove its worth.
Indeed, while it was already announced that a legal framework would be put in place for token issuers (also known as “Initial Coin Offerings” – “ICOs”), a recent amendment aims to extend a broader framework to all crypto-active players.
The legislation is still evolving as amendments are adopted through parliamentary debates.
Avec Thibault Verbiest
