French Financial Regulators Will Approve Multiple Virtual Currency Companies, Including ICO

Reuters reported, French financial regulators will authorize three to four virtual currency-related companies for the first time under a new virtual currency law.

The first companies subject to approval include the virtual currency ICO, the virtual currency exchange, funds, and custodians.

The new law, established last April, includes clauses such as licensing tax-related regulations for companies issuing virtual currency. The law is said to be effective from the end of this month.

France will discuss measures to prevent money laundering or terrorist funding for virtual currencies, including Libra, at the upcoming G7 finance minister's central bank governors meeting as the chairman of the G7.

Reporter Jenny Lee (news@dailycoinews.com)의 기사 더 보기

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