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France Wants to Regulate ICOs And Tax Them

The government of France has expressed its intention of regulating ICOs. With this move, they want to provide a safe haven for cryptocurrency startups that need clear regulations to operate. Most countries are not offering ICO specific laws, so France could have an edge in this matter. Countries like Malta are already enjoying a considerable influx of cryptocurrency startups due to their regulatory standards.

France Regulation

France, one of the most conservative countries in Europe, wants to regulate ICOs accordingly. This would bring more cryptocurrency startups to the country, at least in theory. Regulations let cryptocurrency startups to work in more secure ways. ICOs are like insecure investment alternatives for serious investors.
France Wants to Regulate ICOs And Tax Them
France is trying to position cryptocurrency enterprises as legal ways of investment. Unlike in countries like the USA that consider tokens on a case by case basis as securities or not, they want to make an ICO only law. the problem is that with regulation, comes taxing. And taxes are not positive things for nascent or developing businesses. Taxes could also be passed onto investors, but they would be less likely to invest in these instruments.
So France must thread light to find the balance between regulation and taxation to not thwart innovation on their soil. Too much of one or the other will achieve the opposite result.

France ICO Taxing

The plans that regulators have on taxing could include declaring raised money as revenue. It seems a little too much for some little startups, but it is a way of keeping trusty companies on the business and scaring weak or scammy ones from doing it.
France Wants to Regulate ICOs And Tax Them
According to Reuters, ICOs in France have had great success. There have just been 15 Initial coin offerings so far in France, and they have raised 89 million euros. But more than 60 are still in the paperwork for their acceptance. ICOs were the craze last year, but now it seems that the industry has settled a bit, and the investments offers are a little more serious now.
Tokens resulting of an ICO investment do not really give you shares in a business. They just give you the possibility of using those coins in the platform where they are designed to be. However, if France regulates this kind of offerings, it would be to guarantee investors safety when putting money behind one of these businesses. Depending on the outcome, it might pay off in the long run.

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