Post
Topic
Board Altcoin Discussion
Re: Cryoptocurrency is now movable property in France.
by
styca
on 10/05/2018, 05:22:40 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

I wonder if this decision to lower the tax rate has been made to encourage more people to declare their crypto gains. Probably a lot of people didn't bother to declare when they would have to pay 45%, but are now more likely to if they are only going to pay 19%. Or perhaps I'm just being cynical.