La Loi Pacte: Frances Answer to Regulating Digital & Virtual Assets

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La Loi Pacte, Frances answer to regulating digital assets, initial coin offerings (ICOs) and was enacted in May earlier this year. The new regulatory framework will be used to control and oversee French Digital Assets Service Providers (DASPs).

Going forward, DASPs will be subject to either a mandatory registration or an non-compulsory license, depending on the type of digital asset service provided, among other factors.