France to Tax Bitcoin Gains Before They're Realized—How Will It Affect You?
France has created new legislation for crypto tax in France, targeting unrealized Bitcoin capital gains. This marks a first in crypto tax regulation. The measure affects French crypto holders with assets over €800,000. They must now pay taxes on increased value before selling. This move has sent shockwaves through the cryptocurrency community. JUST IN: France to tax #Bitcoin unrealised capital gains. pic.twitter.com/8zsehL05f4 — Bitcoin Archive (@BTC_Archive) December 3, 2024 Also Read: Nvidia: NVDA Surged 170% In 2024, How High Can It Surge In 2025? Breaking: New Crypto Tax Law Unveiled The unprecedented crypto tax regulation in France targets wealthy investors planning to exit the country. Current French crypto tax laws only charge 30% on realized gains. This new measure changes everything for Bitcoin holdings in France. It could also affect crypto holders worldwide. Implementation and Timeline The Direction Générale des Finances Publiques (DGFiP) will start enforcing this new ...