French Finance Minister BrunoLeMaire said the European nation will start developing its tax rules for crypto next year: 'We want France to be the European hub of the crypto asset ecosystem.' jackschickler reports
France will review its crypto tax rules next year as it seeks to become the world’s leading blockchain hub – and won’t seek to simply replicate existing norms for stocks, Finance Minister Bruno Le Maire told local media in an interview published Monday.he was concerned about crypto’s energy consumption, and about the potential of blockchain technology to usurp the role of France’s fiat currency, the euro.
“We want to make the European Union the world’s leading economic zone for structuring and organizing the crypto market,” said Le Maire. “We want France to be the European hub of the crypto asset ecosystem.” The EU has just agreed to its landmark Markets in Crypto Assets law , which allows crypto companies to operate across the bloc if they meet investor-protection and stability norms.
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