The taxation of cryptocurrencies soon on the Amending Finance Law program?

Taxation of cryptocurrencies remains a thorn in the side of the French government. However, it could be that the latter is in the program of the Amending Finance Act, with some adjustments.

Finally an advantageous tax?

The taxation of cryptocurrencies is still a real debate in France. While some countries like Germany propose moderate taxation of cryptocurrencies, the human rights country remains extremely hesitant. For now, taxation on digital assets remains described as punitive for users. Furthermore, the forms to fill in are numerous and sometimes difficult to understand.

For several days, the French government has been examining the country’s overall taxation. As every year, the Senate meets to discuss the improvements it could bring to the country’s financial system.

The decisions made so far are causing a stir this year. Indeed, all the emphasis is on the purchasing power of the French. Only one adjustment is missing: that of digital assets.

Fortunately, the debates are not over and the text is not yet confirmed. Adan therefore intends to include the topic in future meetings.

Source: Adan’s Twitter account

For this, the unifying association of blockchain players wants to involve all its members. Those interested can also join Adan to make their voices heard. For the latter, the goal seems simple: to make taxation more advantageous and above all more appropriate to the use that the population makes of cryptocurrencies.

The government is increasingly responsive to cryptocurrencies

After a long period of doubt, the government begins to take serious action. Until then, cryptocurrencies have sparked mistrust, even fear. However, the benefits of blockchain have not escaped the government. Furthermore, it has succumbed to the growing interest that businesses and the public have in the sector. The development of the latter would also be one of the objectives of Emmanuel Macron’s five-year term.

More recently, the Senate has begun to seriously consider new cryptocurrency regulation. This should differ from the MiCa law and, perhaps, also include some elements forgotten by the latter. It could therefore be that the non-fungible tokens, left aside for the moment, will have to show their credentials in the future.

Finally, even the French justice seems to be increasingly reactive towards crimes involving cryptocurrencies. Previously, it seemed more difficult to involve the latter in the case of a crypto scam. However, the recent case of the French YouTuber CryptoGouv had the effect of a real shock, both for the authorities and for the population.

Interest in digital assets is only growing in the country, suggesting that many initiatives could be implemented in the coming years.


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