France is moving swiftly to formulate rules to cover token sales, or initial coin offerings, according to its domestic financial markets regulator.
"We want to get a quick position on the issue," he told the publication.
Though it's not clear when the rules would be released, the clarification would make France the latest country to outline how it plans to regulate projects and startups seeking to raise capital via the token sale model.
In the interview, Ophele struck a balanced tone when asked about the regulator's viewpoints regarding cryptocurrencies, stating that the technology's use presents both challenges and opportunities.
Editor's Note: Some of the statements in this report have been translated from French.
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