The French Council of State announced on Thursday that profits arising from cryptocurrency sales should be considered as capital gains of “movable property” - a decision that will see the tax rate levied drop significantly.

Currently, gains from the sale of cryptocurrency trading are normally considered “industrial and commercial profits” (BIC), while those from occasional transactions are treated as “non-commercial profits.”

Read more: https://hype.codes/france-cut-taxes-retail-crypto-traders