PRESS RELEASE: French Legislators are Proposing to Lower Taxes on Bitcoin Gains

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According to reporter Myriam Rivet France’s finance lawmakers in lower house of parliament in Paris backed plans on Wednesday to to lower taxes on Bitcoin gains , bringing it in line with other capital gains tax .

Currently bitcoin gains are taxed at a rate of 36.2 percent while other forms of capital gains on other non-real estate assets are taxed at a flat 30 percent.

The legislators adopted an amendment to the 2019 budget bill that would subject sales of crypto-assets like bitcoin to the 30-percent flat rate as well.

The amendment must be approved in the final version of the budget bill by the broader parliament in order to become law.

Such proposal from legislators might engage enterprises to consider investing in digital-assets as tax environment within cryptocurrency markets might become more attractive.

After few weeks of going sideways Bitcoin performed a bullish breakout on monday, November 5, and currently keeps hovering within 6450-6500 USD range.

Despite the leak of volatility in the cryptomarkets the main image for cryptocurrencies to resurge stays positive and bullish afterall.

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The post French Legislators are Proposing to Lower Taxes on Bitcoin Gains appeared first on – Daily Cryptocurrency News .

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