French lawmakers agree to loosen rules in proposed crypto influencer bill By Cointelegraph

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French lawmakers agree to loosen rules in proposed crypto influencer bill

Published May 25, 2023 11:04PM ET Updated May 26, 2023 12:40AM ET

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French lawmakers agree to loosen rules in proposed crypto influencer bill

French lawmakers have agreed to tone down the restrictions on a bill first proposed in March that would have severely restricted locally-registered cryptocurrency companies from using influencer marketing.

An earlier draft of the bill allowed only licensed crypto companies to engage in influencer marketing. However, while crypto companies are currently required to register with the regulator, none are currently licensed in France nor are they legally required to do so.

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