France, the third largest economy in Europe, is ready to support the cryptocurrencies issued on its territory only if the entities behind them accept to be regulated, Reuters reports. In this way, the country may become the first major state to regulate initial coin offerings (ICOs).

If cryptocurrency and token issuers accept oversight, the government is ready to provide them with certification, which will help the projects build credibility with the community and investors. However, by accepting the certification, crypto issuers will have to pay the tax on any generated profits.

Fabrice Heuvrard, who is working with a joint gove…

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