Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send a Sats as a tip to a writer. Each and every one of our writers has an active tipping widget.

  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

French Parliament Rejects Another Taxation Policy for Crypto

written by

French Parliament Rejects Another Taxation Policy for Crypto

Support free journalists: > send a tip

As reported by the French media outlet Capital yesterday, the lower house of the French parliament in the Assemblée Nationale has rejected the amendments made to the 2019 finance bill with regards to cryptocurrency taxation. This makes it the fourth rejection so far in an attempt to provide a compromise on cryptocurrency tax policy that makes it easy to blend with the French economy.

The chairman of the Finance committee rejected the four different amendments with the backing of Bruno Le Maire, the Minister of the Economy and Finance for the Macron government.

An advantage derived by the amendment as proposed will ensure that cryptocurrency transactions are treated the same as stock market transactions. Further, a distinction would have been made between regular crypto transactions and occasion ones. Both instances would have given crypto-asset owners and users a tax advantage.

More so, part of the amendment included an increase in the total annual cryptocurrency transaction volume from EUR 305 to EUR 3,000 or as high as EUR 5,000 in the tax exemption laws. This was dismissed by the chairman who said the current EUR 305 were “quite favorable”.

However, the stance of the chairman was that it could be reevaluated in the future should crypto-assets become more commonly accepted in the country.

On the receiving end, blockchain proponents seem to take the news sadly as they see the amendment as a setback on the adoption of cryptocurrency in the French market.

The president of the blockchain lobbyist group La Chaintech Alexandre Stachtchenko told Capital: “The most frustrating thing about all this is that none of the rejections were motivated or justified by the Chairman or the Minister”. More so, it implied that crypto-asset users should “take all the risks” while the money earned will “go into the coffers of the state”. In his opinion, this was “dramatic”.

Surprisingly, the French government had been more open-minded to the development of the enterprise and was making plans to encourage startups with the issuing of licenses to crowdfund through ICO.

Further, it was not long ago when two deputies from the national assembly recommended that EUR 500 million from public funds be invested into blockchain technology over the course of 3 years. The intention was to explore the application of blockchain technology.

France’s position in relation to the taxation policy about cryptocurrencies remains unclear. Its aim is still geared towards establishing a more global regulatory network as digital currency is used globally, and not just in France.


Follow on Twitter: @BitcoinNewsCom

Telegram Alerts from

Want to advertise or get published on – View our Media Kit PDF here.

Image Courtesy: Pixabay

Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter