French financial market authority: special regulations should be developed for assets on the blockchain

According to TrustNodes, the French Financial Markets Authority (AMF) has identified a number of obstacles in a report that they consider to be strategic priorities that need to be removed. They asked the European Commission to develop a digital strategy for European financial services and recommended that the EU allow the issuance and trading of financial instruments ("tokenize") on the blockchain by removing existing legal barriers. The AMF pointed out that, given the unique nature of the blockchain industry and its decentralized nature, special regulatory regulations should be formulated for assets on the blockchain.