New French Law Sets Out Guidelines For ICOs

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After slashing taxes on profits made from cryptocurrency trading by more than half, France has now implemented a new legal framework for initial coin offerings (ICOs).  Under President Macron, France is trying to transform itself into a haven for business, including the business of cryptocurrency. Earlier this year, Mr. Macron launched the Action Plan for Business Growth and Transformation (PACTE), which, among other things, aims to make it easy for companies to operate in France, and to lay out legal guidelines for fundraising via token sales. Is Europe’s third-largest economy transforming into a haven for cryptocurrency? See more for yourself here.