France's Dual Crypto Stance: Taxing Unrealized Gains While Hoarding Bitcoin
France's Dual Crypto Stance: Taxing Unrealized Gains While Hoarding Bitcoin
France is grappling with seemingly contradictory crypto policies. On one hand, the French National Assembly is moving to tax unrealized digital asset holdings as part of a broader wealth tax. On the other, there's a proposal to acquire and hoard a significant amount, specifically 420,000 BTC. This dual approach highlights a complex and evolving regulatory and investment stance by the French government towards cryptocurrencies.
In the span of one frenetic week, France unveiled seemingly opposing policy tracks. On Oct. 31, the French National Assembly adopted a first-reading amendment rebranding the country’s real estate-only wealth tax into a broader “tax on unproductive wealth” that now explicitly covers digital assets. At the same time, the right-wing Union des droites pour la […]