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France intends to support companies that raise funds for ICO

The country plans to become the leader in the ICO industry.

01.Apr.18 9:47 PM
By Natalia Mylnikova


France intends to support companies that raise funds for ICO
French Minister of Economy Bruno Le Mer shared the government's plans to develop the crypto industry. First of all, the state is interested in supporting and promoting companies that will raise funds for the ICO. In addition to plans to help existing companies, the state is involved in the emergence of new start-ups in this industry.

One of the supporting measures, according to the Minister, is the licensing of this activity. The French Financial Markets Authority will issue licenses for ICO projects that protect their interests. Thus, companies that do not receive a permit will not be able to carry out their activities.

According to the ministry, these measures will help make France the leading node in the world for ICO. The cryptocurrency market will become more protected from a legal point of view.

Already, the government is actively working to identify unscrupulous companies that attract clients with false promises.

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