Quote from: KrishaBitcoin on May 08, 2018, 10:09:45 PM

Quote from: bitzamp.com on April 27, 2018, 05:43:15 PM

Cryptocurrency traders in France will be relieved of heavy tax as the government is taken steps that will induce a lower tax rate. 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 current tax rate drop significantly.

Read More: https://news.bitzamp.com/france-to-introduce-lower-tax-rates-for-cryptocurrency-traders/

This shows that France as one of the most powerful nations in talking of fire power and economy is very transparent to their people. Bitcoin taxation is one of the reason that why is the people are afraid of regulation and now France move have shown that Bitcoin regulation will benefit equally both the people and the government. Like the other nations like Germany and Japan we just hope that our government will also to consider to follow this move.

This is a welcome development for cryptocurrency that there are countries who are taking a good disposition on how to adopt crypto currency in their territory, not only for taxation but also the security and the welfare of their citizen against scam are the also the mandate of the government. I think these countries like France has already have a deep understanding of on how crypto currency currency useful to the nation economy.