ICO
France PSAN Registration: AMF Tokenization Framework
France AMF PSAN (Prestataire de Services sur Actifs Numériques) registration framework — optional vs. mandatory registration evolution, security token issuance, ICO visa regime, and MiCA transition for French crypto businesses.
Security Token Offering (STO)
A security token offering (STO) is a regulated fundraise issuing blockchain-based security tokens, distinct from ICOs by full securities law compliance and investor due diligence requirements.