When it comes to establishing a blockchain based company, whether it be an exchange or a token sale type of venture, it can be difficult to do it legally in many countries. While the legality of certain operations is questionable in many nations, FR has actually been upfront with their expectations from the get-go. They began structuring their legislation as far back as 2014 when most countries were still likely ignoring Bitcoin.
While it may seem strange that more legislation would make them rank higher on the list of friendly crypto countries, it's true. The fact that they have gone to such lengths to make things easy for blockchain companies and their investors is what makes this country a top ranking location for cryptos.
France cryptocurrency regulation is both easy to understand and not overbearing. This is due to the fact that the country's officials are actually interested in leveraging the economic advantages of welcoming these new technologies and companies into their nation.
This is a great strategy and one that will likely pay off for them in the near future, as development in this space does not seem to be slowing down anytime soon. By acting as an ally to blockchain corporations, FR has put themselves into a great position to benefit from this boom.