PARIS—With hundreds of cryptocurrencies being issued every month, countries face a choice: Ban them, leave them unregulated, or come up with rules to tame them.
France is pursuing the third option, which might be regarded as a Gallic middle ground. It wants cryptocurrencies to be issued in France as long as those backing them agree to be regulated. In doing so, it would be one of the first major countries to regulate so-called initial coin offerings (ICOs).
