The French Autorité Nationale Des Jeux (ANJ) has launched a three-year pilot regulatory framework for games involving monetisable digital objects, known as JONUM.
This launch included a meeting with companies in the Web3 sector that could be affected by the new regulations, to discuss the framework and begin a dialogue.
The framework stems from the articles of the 2024 law on securing and regulating the digital space (SREN).
It places JONUM under the supervision of the ANJ, which will oversee the experimental regime.
JONUM is legally defined as a game that meets the following criteria: it requires a financial investment, includes an element of chance, is provided through an online public communication service and awards monetisable digital objects (ONUM).
These objects can take the form of NFTs or in-game currency tokens. These JONUM offerings, which vary in form and continue to evolve, are largely based on blockchain technology.
The law also allows JONUM companies to distribute rewards besides ONUM, known as ancillary rewards.
The legislator has established a more flexible regulatory framework for JONUM companies than for gambling operators, aiming to strike a balance between openness, innovation and protection.
Any company seeking to offer JONUM games in France must submit a prior declaration to the ANJ. This can be done by completing and submitting the designated online form.
French authorities have stated that the main goal of this initiative is to foster innovation in Web3 technologies while ensuring that these developments take place in a regulated environment.
ANJ Chair Isabelle Falque-Pierrotin spoke to us about this initiative; watch that interview on the Huddle soon
