French financial regulator concerned about ICO

Head of Autorité des Marchés Financiers urged the authorities of France and the EU determine the legal status of the ICO
09 October

The head of the French Commission for the Supervision of the Financial Market (Autorité des Marchés Financiers, AMF), Robert Ophele, is convinced that the existing European legislation is ineffective with regard to the regulation of the ICO. This is reported by Bitcoin.com.

In Ophele's opinion, European legislation does not allow to qualify the ICO in any way and does not make it possible to determine the cases when additional requirements must be made to the ICOs.

The AMF is currently analyzing the legal status for ICOs. Which are in the process of developing in France. We want to have a  position on the subject, to act without waiting for Europe to deal with the subject because it will be too late in terms of investor protection.
 

Robert Ophele
Head, AMF

Also, Ophele urged the authorities of France and the EU determine the legal status of the ICO. According to the head of the AMF, this should contribute to the development of innovations in the financial and technological sector.

Meanwhile, AMF representatives report that the regulator is often approached by start-ups that are going to conduct ICO and who want to receive advice on the requirements that may be raised for fund-raising campaigns.

 

8th - 14th October ICO voting results

Summarized results of users' poll on 8-14 October upcoming ICOs
18 October

Hype.codes team is working hard to improve reader's experience. We are trying to add something new regularly. Our latest addition was the poll for upcoming ICOs. We've asked you about your opinion on upcoming tokensales. So, it's time to summarize the poll resultsSo for upcoming ICOs, 8th to 14th October.

So, here are the leaders:

  1. Papyrus
  2. Opporty
  3. Red Pulse

Let's check how things are going for this tokensales.

Papyrus is the world’s first fully comprehensive and highly scalable decentralized ecosystem for digital advertising which radically improves programmatic advertising stack to provide efficient, transparent and mutually beneficial environment for users, publishers, advertisers and decentralized application (dApp) developers using blockchain architecture.

Papyrus' tokensale started as planned, on 12th of October. At the press time, no info about funds raised available.

Also, bonus 20% bonus discount was active for 3 full days — until 14:00 UTC on October 15. 

Opporty is a decentralized service marketplace and self-regulated knowledge-sharing community platform. By offering blockchain-powered smart contracts and a decentralized Escrow system, Opporty puts client-contractor relations on the blockchain. The platform, with the help of its Expert community, ensures transparency and security, standardizes procedures, and creates an environment of cooperation that instills trust between parties.

Opporty's ICO is delayed - according to official announcement, it is rescheduled from 18th to 27th of October. 

Opporty team named three reasons for that:

First of all, the current fluctuation in the market caused by another Bitcoin Fork has given us pause.

Secondly, we are in the process of getting legal approval on the Utility status of our token and we need a little more time.

Thirdly, scammers have planned attacks on October 18th. 
 

Opporty team

We wish good luck to Opporty team and their future investors.

Red Pulse solves these issues by creating a groundbreaking research content platform that simplifies incentives and directly compensates research producers for their valuable insights, while ensuring research consumers can access the research that is most relevant to them. Our RPX token is the underlying currency used to facilitate this ecosystem, and provides token holders with direct participation in the rise of China.

Red Pulse ICO
Red Pulse ICO

Red Pulse ICO finished. According to official website, 405844 NEO out of 405844 NEO raised. Great news for Red Pulse investors! We hope that they will receive big income in the future.