Reconciling law with innovation is often a challenge for legislators since, by definition, innovation departs from existing standards and frameworks. Some may therefore question the ability of the law to address innovative trends.
However, the PACTE bill enacted in France in May 2019 includes provisions on digital assets and the token economy, which go against this common statement. Quite the contrary. This bill illustrates how regulators can innovate through law to support innovation.
This article sets out the key points explaining why the PACTE bill is a real breakthrough for digital assets.
Please click on the PDF file below to read the full article authored by Matthieu Lucchesi and Jennifer D'hoir, members of Gide 255.