France Adopts an Innovative Optional Legal Framework for Digital Assets
Client Memorandum

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After allowing the representation and transmission of unlisted securities through the use of blockchain technology in 2017, the draft “PACTE” Act was adopted by the French Parliament on April 11, 2019, constituting a new step in France’s economic transformation. This memo addresses the legal ad hoc framework for digital assets provided by the PACTE Act, which we believe will be of interest to any company considering getting involved in the blockchain industry in Europe.

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