French ANJ to regulate Web3 titles with new framework

French ANJ creates regulatory framework for Web3 titles

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French ANJ creates regulatory framework for Web3 titles

L’Autorité Nationale des Jeux (ANJ), France’s gambling regulator, has created a new framework called Jeux à Objets Numériques Monétisables (JONUM) to regulate Web3 and blockchain-based titles that include monetizable digital objects.

JONUM will begin as a three-year experimental framework and regulate games that fall between traditional video gaming and regulated gambling, which let players acquire monetizable digital assets like non-fungible tokens (NFTs) or blockchain-based items. These purchases can later be traded on secondary markets.

The new framework prohibits these titles from offering cash prizes and places limits on how rewards are distributed, including the total value a player might get through digital assets over time.

Consumer protection measures are also added in the framework, with operators having to check the age and identity of the player and implement responsible gambling tools. Players will have the ability to set playtime limits, limits on weekly spending, and self-exclusion options to block themselves from accessing the games.

Operators that wish to offer JONUM products have to submit declarations to the ANJ before launching in France. If approved, operators have to be fully transparent with regulator reporting, such as activity logs and tracking access, so that the ANJ can monitor flows for anti-money laundering and other compliance purposes.

Alla Basentsyan
Alla Basentsyan Content Writer

As a content writer at AffPapa, Alla focuses on daily coverage of iGaming news, writes in-depth articles on the most relevant topics of the sector, and presents insights from industry professionals through dedicated interviews. She combines her background in research with an engaging and informative approach to help readers stay up-to-date with everything that’s happening in global iGaming markets.

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