Some of the requirements say that the token issuer must be incorporated and registered in France, and must also already have a system in place, that ensures strict compliance to regulations such as anti-money laundering (AML) and terrorist financing.
Earlier this year, France passed the PACTE law, a legal framework that covers business growth and development and also caters to ICOs. It specifies that the AMF in a bid to help the crypto space can approve ICOs. Approvals will however only be for utility tokens and will not be extended to security tokens.
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