By Charlotte GAUCHON
18 June 2025
The emergence of cryptocurrencies and NFTs has shaken up the investment landscape, creating new opportunities but also a real legal headache. These new types of assets are struggling to find their place in regulatory frameworks designed long before their existence. One question is particularly acute: can they be classified as "miscellaneous assets"? Far from being anecdotal, this classification would have major consequences for issuers, platforms and investors. The issue arises in a complex regulatory context, in which the Autorité des marchés financiers (AMF) is seeking to protect investors. To fully grasp the issues involved, it is useful to understand how intermediaries in various goods operate as a whole and the AMF regulations that apply to them. The difficult legal classification of digital assets The law often struggles to keep pace with technological innovation. Because of their decentralised and intangible nature, digital assets fall outside traditional legal categories. The...
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