France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market.
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The revision couldn’t come at a better time for cryptocurrency investors, with bitcoin trading comfortably above $9,000 and the other top 10 coins also in the green today.
Source: Coin Market Cap
France’s highest court for administration, the Council of State, determined that cryptocurrency profits are considered “moveable property” and therefore subject to a lower tax rate than had previously been imposed, rewriting rules that had been in place since 2014...Click here to know the details story
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Gerelyn Terzo
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