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France Proposes Tax on Unrealized Bitcoin Gains A plan to tax unrealized capital gains from cryptocurrencies, such as Bitcoin, is being considered by French lawmakers, which might change the country's taxation strategy for digital assets. According to this plan, cryptocurrencies would be considered "non-productive property," similar to luxury goods like yachts or inactive real estate, and would be subject to a "unproductive wealth tax," which would take the place of the current real estate we... cryptonews

As reported on December 12 by the local news publication Les Echos, French politicians want to invest € 500 million ($ 569 million) in the development of blockchain projects at the state level over the next three years. Parliamentarians believe that investment will allow France to become a “blockchain state.” They also intend to play an active role in the development of the mining industry in the country. One of the authors of this initiative, MP Jean-Michel Mis, said: “2018 was the“ zero year ”in the process of popularizing the blockchain in France. 2019 will be the year of development of this ecosystem, which can be fully realized within three years, thanks to cash injections in the amount of € 500 million. " Investment init ... Read more about " French politicians suggest investing $570 million in blockchain development " on coinatory.com

On November 7, the financial commission of the house of commons of the French parliament (the National Assembly) approved plans to reduce the tax on cryptocurrency trading. Lawmakers intend to bring the tax rate in line with other capital gains taxes. The news was reported by Reuters. Now in France, the tax rate on profits from trading in bitcoin and other cryptocurrencies is 36.2%, while the same tax rate on profits from trading in non-real estate assets is 30%. The Financial Commission adopted an amendment to the budget law 2019, according to which the rate of taxes on profits from cryptocurrency trading will also be equal to 30%. To become a law, an amendment must be approved as part of the final version of the draft budget law. ... Read more about " French parliament intends to reduce tax on crypto trading " on coinatory.com

More than 80% of the world"s companies realizing or implemented blockchain projects in varying degrees, with a quarter of them have already launched pilot projects or fully completed their implementation, according to a study by the consulting company PwC. The PwC study "Blockchain is here. What"s your next move? "Is based on a survey of 600 executives from 15 countries and territories: Australia, China, Denmark, France, Germany, Hong Kong, India, Italy, Japan, Netherlands, Singapore, Sweden, UAE, UK and USA. Respondents were asked questions ... Read more about " PwC: More than 80% of companies in the world implement blockchain projects " on coinatory.com

In Paris, the Chain Accelerator, the first blockchain-incubator in Europe, began its work. This is reported by Finance Magnates. Chain Accelerator will help startups developing projects based on blockchain-technologies, find financing, prepare for ICO and create a finished product. The incubator worked six months in a pilot mode and during this time supported 13 startups. Nicolas Kantu co-founder of Chain Accelerator: "The president and the government want to make Paris the capital of the ICO, and Chain Accelerator becomes a key player. ... Read more about " France launches Europe"s first accelerator for blockchain-startups " on coinatory.com