And how do people in France solve problems if they cannot confirm the legality of buying cryptocurrency?
I heard that in countries like France, Germany there are very strict taxation and control over real estate purchases.
I think that there is less and less time left for the cryptocurrency to remain out of control.
That's the question: if the user has had btc for a long time and even earned them years ago by playing on sites that have disappeared or mined btc, if he bought them and no longer has the bank statements (perhaps he's even changed bank since then and there are no archives), it's not going to be easy, if only to declare the capital gains to the tax authorities. In any case, he'll only be able to recover modest sums in PtoP, otherwise the bank's red lights will be going off all over the place.
It will not be easy anyway.
It's totally impossible to buy any property with
BTC in France. Proof of funds is not an issue, you wouldn't find a notary to make the sale.
Was there last month, I'm thinking about buying a barn in Normandy, but I didn't even ask about
BTC, it would have been a waste of time.
It's complicated, but not impossible. As I explained earlier, you can use the "dation in payment". In addition, a real estate series on Netflix shows an investor who absolutely wants to pay in BTC; in the docu they don't explain anything, but we can say that as long as the State receives its share (in fiats), then it's possible. After that, it's silly: it's better to resell your btc, pay your flat tax and simplify everything for the notary.
Dation en paiement: this is a method of settling a debt in which the debtor, with the creditor's agreement, hands over to the creditor something other than that initially stipulated in the contract.
Everything you need to know about dation in payment :
https://www.village-justice.com/articles/dation-paiement-comme-modalite-reglement-une-dette,38798.htmlAnd if your notary doesn't know about bitcoin, he does know about
dation in payment. All that remains is to set the price of the property, and if the seller agrees to a fixed amount of btc at the time of the promise to purchase (even if it means having to put up with market fluctuations).
I guess you don't have much experience buying or selling real estate, but I do.
Grab your phone. Call a few French notaries, and ask them if it's possible to buy a property with
. You will not find a single one...