France's financial regulator, The Autorité des marchés financiers (AMF), launches a new initiative focused on iICOs. The AMF reports that it is considering one of several approaches, including an update to existing rules to account for ICOs or entirely new regulations around the use case.
The Autorité des marchés financiers press release
The project called "UNICORN" aims at providing a mechanism for ICO organizers in France to carry out their plans under the agency's guidance.
Called UNICORN (for "Universal Node to ICO Research & Network"), this one, in parallel of the reflection on the possible tracks of regulation, aims at offering to these carriers of projects a frame allowing the development of their operations and to ensure the protection of actors and investors wishing to participate.
The AMF statement
Translated by coindesk.com
With the move, France's government appears to have adopted a more accommodative stance toward the blockchain use case, even going as far as to proactively encourage developer teams to get in touch.