France's latest approach to regulated cryptocurrencies and blockchain companies favours new ideas, innovations and experiments.

Regulatory framework, drafted by France's financial markets overseer (AMF), aims to remove long lasting problems which bother starting blockchain-based companies - banking relationships. This regulatory framework guarantees companies, which decide to be regulated, to have a bank account opened. French government and legislators have implemented legal requirements from fintech startups in exchange to become regulated.

The framework is part of broader legislation proposals, regulating how blockchain-based companies work. French government's plan is to create new legislative environment with better conditions for small and medium sized companies' growth, where for instance a right to obtain “visa” to operate a blockchain-based company in France is guaranteed. The framework is expected to start by the end of this year

French finance minister, Bruno Le Maire, proposed that the European Union could use the framework as a model to set up a single european regulatory framework for crypto assets. For comparison, american lawmakers are miles away from similar directions.