On Feb. 28, 2023, the French Parliament passed new legislation that modifies the regulatory framework applicable to digital asset service providers based in France, or that provide services in France....more
Act No. 2019-486 of May 22, 2019 (the Loi PACTE), which creates a regulatory framework for both initial coin offerings (ICOs) and cryptocurrency-related businesses, has finally been enacted by the French government and became...more
5/30/2019
/ Corporate Counsel ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
France ,
Initial Coin Offering (ICOs) ,
Licensing Rules ,
PACTE Act ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Standards
France took another step towards becoming a major hub for initial coin offerings (“ICOs”) with the publication by the Accounting Rules Authority (Autorité des normes comptables or “ANC”) of Regulation No. 2018-07 of December...more
12/21/2018
/ Accounting Standards ,
AML/CFT ,
Cryptocurrency ,
Digital Assets ,
Financial Instruments ,
Financial Statements ,
France ,
Initial Coin Offering (ICOs) ,
Investment ,
Legislative Agendas ,
Pending Legislation ,
Regulatory Oversight ,
Token Sales ,
Virtual Currency
After authorizing the registration and transfer of unlisted securities through distributed ledgers and drafting optional regulatory frameworks for token issuances and crypto-asset trading platforms, France now aims at...more
After allowing registration and transfer of unlisted securities through distributed ledgers in 2017 and drafting legislation for initial coin offerings (ICOs) earlier this year, France is contemplating the introduction of a...more
10/2/2018
/ Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Instruments ,
Financial Markets ,
Financial Services Industry ,
Financial Transactions ,
Framework Agreement ,
France ,
Initial Coin Offering (ICOs) ,
Investment Products ,
Proposed Amendments ,
Regulatory Oversight ,
Regulatory Standards ,
Token Sales ,
Unregistered Securities ,
Virtual Currency
The regulatory focus on initial coin offerings (ICOs) has not diminished since our last client alert where we mentioned that the public consultation of the French Financial Markets Authority (AMF) proposed to develop an ad...more
After our recent client alert summarizing recent U.S. regulatory developments in the crypto-world, the House of Representatives of the State of Wyoming passed HB 70, referred to as the “Utility Token Bill” and HB 19, known as...more
3/1/2018
/ Cryptocurrency ,
Digital Currency ,
EU ,
Financial Markets ,
France ,
Initial Coin Offering (ICOs) ,
Regulatory Agenda ,
Switzerland ,
Token Sales ,
Unregistered Securities ,
Virtual Currency