Post
Topic
Board Altcoin Discussion
Re: Cryoptocurrency is now movable property in France.
by
carlisle1
on 29/04/2018, 17:21:07 UTC
This something to ponder.
France consider a cryptocurrency is a movable property.
It is consider as a property instead of currency.
https://cointelegraph.com/news/france-crypto-is-now-moveable-property-tax-down-from-45-to-19-percent

France is now ruled that cryptocurrency sales are in principle of the category of capital gains of movable property with some exemption. Movable property refers to tangible and intangible assets. France is generally supportive of cryptocurrencies and the country will take a lead  in regulation.
Does it mean we have something to celebrate here?though i was thinking about what if france accept crypto as currency instead of  property?since currency is more functional than a property..but its better that they are recognized because its a positive thing and maybe a start of someting to expect in future