"Influencers Act: towards a more flexible regime
One amendment was intended to prohibit the promotion of crypto companies not approved by the AMF. But according to our information, this text, which is not supported by the government, is likely to be dropped when the final vote on the law on influencers is taken on 28 March.
It's the home stretch before the proposed law to regulate influencers in France is examined. On Tuesday 28 March, the National Assembly will hold a public session to discuss the text, which focuses, in part, on those who promote cryptos.
To date, the proposal provides for two main points: firstly, that crypto influencers must be approved by the Autorité des marchés financiers (AMF); secondly, that they may not promote companies that have not themselves been approved by the AMF as digital asset service providers (DASPs). This second point was added yesterday as part of the adoption of an amendment tabled by the PS MP, Arthur Delaporte.
Or, according to our information, this provision should finally be excluded from the final text, notably because of the government's opposition.
What will happen from now on?