Tuesday , November 24 2020

Amendments to ease France's cryptocurrencies – CRIPTO TENDENCIA




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The financial committee of the lower house of the French parliament adopted amendments to the tax law, which reduces sales taxes in crypto currency.

Amendments reported by Financial Committee of the National Assembly refer to the draft government financial account (PLF) until 2019. If the final version of the document is approved by a broader parliament, which is scheduled for next week, the tax on cryptographic sales will be equal to capital gains tax.

Currently, cryptographic income is taxed at a rate of 36.2 percent. If the budget amendments are accepted, the rate will be reduced to 30 percent from January 1, 2019.

The French government has actively adapted legislation to include new technologies, including digital currencies and the block chain. President Emmanuel Macron he once said that he would like France to become a "new nation" and the French minister of economy and finance, Bruno le Maire, he confirmed that the country is ready for the "block chain revolution".

In September, Maire announced that the government adopted the legal framework for Initial Currency Offers (AND WHAT). Under the new regulations, the regulator of French securities markets Autorité des marchés financiers (AMF) It is authorized to issue licenses to companies that seek to raise funds through ICO. The legislation also offers several safeguards for investors.

Meanwhile, the government is still finalizing PACTE: Action plan for growth and transformation of enterprisesThe project contains some important changes to the French legal framework with regard to cryptographic resources and ICO.

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I am a student of economics, interested in innovation and technological development, always faithful that tomorrow will be a better day.


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