France giving relief to cryptocurrency investors!

Hey,

What do you guys think about France cutting taxes for amateur cryptocurrency investors?
Heard they are bringing it down to 19%?!

Classifying cryptos as movable property (as the name suggests, these are assets that are not fixed in place like buildings), however, brings a flat CGT liability of 19 percent, plus CSG.

@mary other countries should follow france

If taxes are not reduced, no one will want to trade on the regular exchanges.

@sarahmullen said in France giving relief to cryptocurrency investors!:

If taxes are not reduced, no one will want to trade on the regular exchanges.

Really great point. But other countries taxes are still on rise

@arrana Yes! In time all the other countries will realize it's the right thing to do!

@mary said in France giving relief to cryptocurrency investors!:

In time all the other countries will realize it's the right thing to do!

I bet they surely will do

The sooner they realize the better!

@sarahmullen fingers crossed!

@nicolaortiz you said it! 👌