Beautiful Virgin Islands

Thursday, Jul 10, 2025

Is France about to relax its rules on cryptocurrencies?

Is France about to relax its rules on cryptocurrencies?

One young French politician is pushing to relax rules on taxing cryptos but others fear there are not enough investors to be worthwhile.

French lawmakers were discussing new laws on Wednesday to clarify the taxation of cryptocurrency assets such as Bitcoin.

Pierre Person, a 32-year-old deputy in the French National Assembly and a member of its law commission, has been the most vocal on the topic and despite being in favour of cryptos, has said there is an issue with taxation.

In September, Person tabled a series of amendments, which he said would “simplify the life of crypto-asset holders and strengthen the attractiveness of this sector in France”.

Person argued a flat tax rate of 30 per cent on digital assets would remove uncertainty over tax, which can cause people to relocate to other countries.


How are cryptos currently regulated in France?

In France, cryptocurrency is taxed in the same way that movable property is taxed. For occasional traders, there is a flat tax of 30 per cent. For crypto miners, there is a tax of 45 per cent and for professional traders there is a tax of 45 per cent.

Paying for goods and services through cryptocurrencies in France also leads to long procedural requirements as it creates a tax obligation.

Another of the suggested requirements put forward by Person is that there would be no tax on crypto payments if the sum does not exceed €3,000.


He has also made a request for French companies to be able to pay their employees and partners in digital assets, and wants to change rules that currently do not allow crypto-asset holders to claim capital losses on their returns.

Person urged in Wednesday that the amendments be made quickly

“Several billion is held by the French in crypto-assets. This money, which sleeps in ‘wallets’, could be reinjected into the real economy," he told parliament.

Why are French ministers against the amendments?


But the Minister of Public Action and Accounts, Olivier Dussopt, called for the provisions toapply from January 1, 2023, leaving the government time to “work out” the amendments.

Some fear that there are not enough crypto investors in Francef or the amendments to work.

“The 30 per cent tax on capital gains on disposal is not attractive enough, we must encourage the many investors to transform their crypto-assets into fiat money (government issued currency),” French politician Eric Woerth recently quoted as saying.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
×