France lowers tax rates on cryptocurrencies

November 10, 2018
Darya Karatkevich

French officials put forward a plan aimed at cutting taxes related to cryptocurrency sales. The rates, currently at 36.2 percent are due to be lowered to 30 percent thus matching most of the country’s taxes concerning capital gains.

crypto regulation in France

This new amendment adopted by France’s Finance Commission for a 2019 budget bill can only continue forward once approved by parliament.

Given President Emmanuel Macron’s vision to run France like a “startup nation”, and plans by the Minister for the Economy and Finance, Bruno le Maire, this news isn’t much of a surprise.

Despite the cut, France’s rates pale in comparison to those associated with cryptocurrencies in Germany, Denmark, Singapore, and a multitude of other nations. Nonetheless it most likely comes as a warm welcome for anyone currently profiting from cryptocurrencies in the region.

Post written by Darya Karatkevich
Darya is a blockchain market observer with 5+ years of experience as an author and editor for major tech blogging platforms. Her fortes are blockchain technologies and solutions, cryptocurrencies and crypto-related regulations.

Related News

XRP Gateway Temporarily Disabled October 11, 2019
Waves Gateway Temporarily Disabled October 09, 2019

Leave a Reply

Your email address will not be published. Required fields are marked *