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Taxation of crypto soon in the program of amendments to the Law on Finance?

Crypto taxation remains a thorn in the side of the French government. However, it is possible that the latter is in the program of amendments to the Law on Finances, with certain changes.

Finally a favorable tax?

Crypto taxation is still a real debate in France. While some countries, such as Germany, propose moderate taxation of cryptocurrencies, the country of human rights remains extremely hesitant. For now, digital asset taxation remains described as punitive to users. In addition, the forms to be filled out are numerous and sometimes difficult to understand.

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

This year, the decisions so far are causing a stir. Indeed, all the emphasis is placed on the purchasing power of the French. Only one adjustment is missing: the one for digital assets.

Fortunately, the discussions are not over and the text has not yet been confirmed. Adan therefore intends to include this topic in future gatherings.

Source: Adan’s Twitter account

For this purpose, the united association of blockchain players wants to involve all its members. Those interested can also join Adan to make their voice heard. For the latter, the goal seems simple: to make taxation more favorable and, above all, more adapted to the use of cryptocurrencies used by the population.

The government is increasingly responding to cryptocurrencies

After a long period of doubt, the government is beginning to take serious action. Until then, cryptocurrencies caused mistrust, even fear. However, the benefits of blockchain have not bypassed the government. Moreover, it yielded to growing business and public interest in the industry. The development of the latter would also be one of the goals of Emmanuel Macron’s five-year mandate.

Recently, the Senate began seriously considering new crypto regulation. This should be different from the MiCa law and, perhaps, even include certain elements that the latter has forgotten. So it could be that non-fungible tokens, set aside for now, will have to show their credentials in the future.

Finally, the French judiciary seems to be increasingly responding to crimes involving cryptocurrencies. Previously, it seemed more difficult to engage the latter in the case of crypto fraud. However, the recent affair of the French YouTuber CryptoGouva caused a real shock, both for the authorities and 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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