Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The American tax crisis increases the attraction of Bitcoin – is it finally the new safe haven?

2025-05-23

XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

2025-05-23

Cardano Price forecast: ADAs 13% Rebound -Tests $ 1 breakout -zone

2025-05-23
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

    2025-05-22

    Not ECDSA. Not schnorr. Meet Dahlias.

    2025-05-22

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22

    Solana to get a big design prevention

    2025-05-22
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

    2025-05-23

    Solana Memecoin on average daily volume rises 46% in May, which, following Bitcoin’s recovery, following Bitcoin

    2025-05-22

    Bitcoin on a confirmed breakout after reaching new all time high, says analyst Kevin Svenson-Hier is his prospects

    2025-05-22

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-22

    Strategy tries to pick up $ 2.1 billion from the supply of STRF shares to strengthen its bitcoin holdings

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Regulation»Is the French crypto je ne sais quoi no longer?
Is France’s crypto je ne sais quoi no more?
Regulation

Is the French crypto je ne sais quoi no longer?

2024-08-26No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Over the past decade, France has established itself as the ideal base for the world’s largest crypto companies. Binance, Crypto.com and stablecoin publisher Circle have all made Paris their European headquarters. But in the wake of the French elections, coupled with increasing competition from Europe, France’s position as a crypto hub is no longer as secure as it used to be.

Why France has been an attractive option for crypto companies

France has maintained relatively favorable tax rates, has a wealth of talent from across Europe, and is cultivating a strong sense of innovation in Web3. But most importantly, France has quickly adopted a clear set of rules for the crypto sector, making it an attractive place for companies to establish themselves compared to other jurisdictions, both in Europe and around the world. Even before the advent of the European Markets in Crypto Assets Regulation (MiCA), which provides a clear set of rules for the crypto sector, France already had MiCA-like regulations. This made it an easy place for crypto companies to do business and then be MiCA compliant.

In contrast, other large jurisdictions, such as the United States and the United Kingdom, had relatively unclear regulations. The United States adopts a ‘regulation by enforcement’ approach, in which rules are often drawn up on a whim, rather than drafted into clear legislation. Unclear regulations mean companies are unable to make robust, long-term strategic decisions.

How the elections threw a spanner in the works

The French elections saw a surge in support for the New Popular Front (NFP) coalition, which has since proposed some changes to the way crypto is taxed in France, as part of their broader wealth tax overhauls country.

See also  Dubai expands crypto licenses, granting approval to Nomura

Capital gains on the sale of crypto assets would be subject to expanded taxes under an NPF government, which promised to add more tax brackets. The rates are currently between 0% and 45%, but the NFP proposes to add progressivity by creating additional brackets, where rates could go up to 90%. In addition, the NPF also proposes to include cryptocurrencies in a potential wealth tax, with the rate increasing depending on the value of the assets. But what is potentially most radical is the inclusion of an exit tax for crypto. This could result in people having to pay taxes on the unrealized gains from their crypto if they choose to leave the country.

It is, of course, the essential right of a country to determine which taxes are most appropriate to guarantee the highest quality of life for its citizens. However, the commercial reality is that if these new tax proposals are passed into law, crypto companies would likely consider jurisdictions other than France.

Does this really matter?

Despite the NPF’s popularity, they have not achieved a majority in parliament, meaning bills cannot be decisively passed. This is not helped by reported infighting within the party on numerous issues.

Due to the lack of political leadership in the French parliament, there is no immediate concern about the impact of the aforementioned tax proposals on the crypto industry. Although taxes can potentially be offset through research and development credits, this entails an additional administrative burden.

However, France’s political incoordination has longer-term consequences. Markets across Europe are implementing the latest MiCA updates into national legislation. While France is currently in the lead, other jurisdictions could become more attractive if infighting delays MiCA implementation.

See also  CFTC investigates Crypto.com and Kalshi for Super Bowl -Event contracts

Looking ahead: what crypto companies really need

If calls for tax increases in the country increase, France may no longer be the best place for crypto companies to establish themselves. That is precisely why some companies have recently left France and moved to tax havens such as the Netherlands or Ireland.

Tax considerations aside, crypto companies want regulatory certainty and clarity, especially one that balances consumer protection with innovation. For now, France seems to have this. But as the gap between left and right widens, this sense of stability is less certain.

Crypto companies, like all other organizations, make their decisions based on multiple factors. Tax rules, regulatory conditions and talent pools are all important considerations to consider. So far, France has excelled in each of these categories. However, if it wants to maintain its position as a leader in the crypto space, it will have to continue to maintain this delicate balancing act.

Latest Alpha Market report

Source link

Crypto French longer quoi sais
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Billionaire Ray Dalio says that FED should not lower rates yet, warns against aggressive relaxation of the monetary policy for the bond market

2025-05-22

Crypto Analyst places Bitcoin price at $ 120,000 if this range breakdown happens

2025-05-22

Lawyers for Tornado -Contant developer say that federal prosecutors have withheld critical evidence from the court

2025-05-22

Sec -complaint of $ 100 million against tokenized activa company for crypto -effect fraud

2025-05-22
Add A Comment

Comments are closed.

Top Posts

Zero-knowledge KYC could solve the privacy vs compliance conundrum — VC partner

2022-10-13

Bitcoin Forms a Local Bottom: Can BTC Rise from Here?

2024-10-06

Milady NFTs get Dogecoin treatment as prices bounce back days after Elon Musk’s tweet

2023-05-26
Editors Picks

The market turns green as BTC climbs past $35K despite the weekend lull

2023-11-05

Former Binance.US CEO Says White House Trying To Keep Stablecoins ‘Out of the Discussion’

2023-08-14

Ethereum price is recovering ground, but upside may be limited above $2,300

2024-01-06

Onyxcoin is struggling after massive rally – what is the next for XCN?

2025-02-16
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The American tax crisis increases the attraction of Bitcoin – is it finally the new safe haven?

XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

Cardano Price forecast: ADAs 13% Rebound -Tests $ 1 breakout -zone

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%
  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%