# France creates legal framework for ICOs By Shampa Mani Canonical URL: https://www.tokenpost.com/news/regulation/361 Published: 2018-09-13T10:40:56.000Z Updated: 2018-09-13T10:40:56.000Z Section: Regulation > The French parliament has implemented a legal framework for initial coin offerings (ICOs), French Finance minister Bruno Le Maire confirmed via Twitter on September 12. The French parliament has implemented a legal framework for initial coin offerings (ICOs), French Finance minister Bruno Le Maire confirmed via Twitter on September 12. ✅Article 26 adopté en commission [#PACTE]() ! ➡️Un cadre juridique des [#ICO]() est créé. L’[@AMF_actu]() pourra délivrer un visa aux acteurs respectant des critères de protection des épargnants ➡️Ce cadre juridique va attirer les innovateurs du monde entier [#blockchain]() [#DirectAN]() — Bruno Le Maire (@BrunoLeMaire) [September 12, 2018]() The Autorité des Marchés Financiers (AMF), France’s financial markets regulator, launched [public consultation]() on ICOs in October 2017. The bill, called “Pact Act” (Action Plan for Business Growth and Transformation), was reportedly [introduced]() by the Treasury and the AMF earlier this year. “We will be the first in the world to have an ad hoc regulation on ICOs,” said Anne Maréchal, the AMF’s director of legal affairs, said at the time (as translated by Finance Magnates). “We must attract the most beautiful projects to France.” Under the new legislation, which was enacted on September 12, businesses seeking to conduct an ICO would need to apply for a visa from the AMF, [ICOExaminer]() reported. The visa would be granted to only those projects that have proper measures for protecting the interest of the investors. Detect languageAfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu AfrikaansAlbanianAmharicArabicArmenianAzerbaijaniBasqueBelarusianBengaliBosnianBulgarianCatalanCebuanoChichewaChinese (Simplified)Chinese (Traditional)CorsicanCroatianCzechDanishDutchEnglishEsperantoEstonianFilipinoFinnishFrenchFrisianGalicianGeorgianGermanGreekGujaratiHaitian CreoleHausaHawaiianHebrewHindiHmongHungarianIcelandicIgboIndonesianIrishItalianJapaneseJavaneseKannadaKazakhKhmerKoreanKurdishKyrgyzLaoLatinLatvianLithuanianLuxembourgishMacedonianMalagasyMalayMalayalamMalteseMaoriMarathiMongolianMyanmar (Burmese)NepaliNorwegianPashtoPersianPolishPortuguesePunjabiRomanianRussianSamoanScots GaelicSerbianSesothoShonaSindhiSinhalaSlovakSlovenianSomaliSpanishSundaneseSwahiliSwedishTajikTamilTeluguThaiTurkishUkrainianUrduUzbekVietnameseWelshXhosaYiddishYorubaZulu Text-to-speech function is limited to 200 characters Options : History : Feedback : [Donate]() Close ## Links in this article - [#PACTE](https://twitter.com/hashtag/PACTE?src=hash&ref_src=twsrc%5Etfw) - [#ICO](https://twitter.com/hashtag/ICO?src=hash&ref_src=twsrc%5Etfw) - [@AMF_actu](https://twitter.com/AMF_actu?ref_src=twsrc%5Etfw) - [#blockchain](https://twitter.com/hashtag/blockchain?src=hash&ref_src=twsrc%5Etfw) - [#DirectAN](https://twitter.com/hashtag/DirectAN?src=hash&ref_src=twsrc%5Etfw) - [September 12, 2018](https://twitter.com/BrunoLeMaire/status/1039824003689525249?ref_src=twsrc%5Etfw) - [public consultation](https://www.amf-france.org/en_US/Publications/Consultations-publiques/Archives?xtcr=2&isSearch=true&docId=workspace%3A%2F%2FSpacesStore%2Fa2b267b3-2d94-4c24-acad-7fe3351dfc8a&lastSearchPage=https%3A%2F%2Fwww.amf-france.org%2FmagnoliaPublic%2Famf%2FResultat) - [introduced](https://www.financemagnates.com/cryptocurrency/news/french-government-may-regulate-icos-years-end/) - [ICOExaminer](https://www.icoexaminer.com/ico-news/france-becomes-first-g7-country-to-create-dedicated-legal-statute-for-icos/) - [Donate](https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=GD9D8CPW8HFA2)