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Let’s meet today with Frédéric Fontaine, lawyer and advisor Talao

Frédéric Fontaine, Lawyer and Advisor Talao

Why did you choose to join the Talao Team?

I have been seduced by the founders team approach who privileged a business focused goal rather than a financial one. I believe that their choice to incorporate Talao and launch the ICO under French law will be more rewarded than the opportunistic choice of an exotic place for a mere speculative purpose.

What is your role to support the development of this new project?

My contribution to the development of this new project consisted in identifying and selecting the appropriate counsels or advisors, structuring the ICO and following up its various steps.

What are the legal challenges faced and overcome by Talao?

Talao’s team decided to launch the ICO in a legal and tax environment which is not yet mature in France and subject to uncertainty. We are confident in the future legal framework for ICOs to be ruled in France since the Autorité des marchés financiers has recently circulated its draft regulation. However, the tax treatment of the ICO proceeds deriving from tokens sales by French companies still have to be clarified and ruled by the French tax authorities.

What would be your recommendation for teams willing to launch ICOs?

I would first recommend them to focus on their business project if they want to be attractive for long term investors and not only day-to-day speculators. Crypto assets may be considered as an alternative way of financing which may coexist with the more traditional ways of financing such as private equity or even IPOs. Consequently, project feasibility and information transparency are key issues to consider.