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23 September 2019

France: Crypto-to-Crypto Transactions Tax-Exempt Unless Traded for Fiat

France: Crypto-to-Crypto Transactions Tax-Exempt Unless Traded for Fiat


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France has welcomed cryptocurrency investments by announcing that crypto to crypto transactions will be tax-exempt, and necessary taxes will be applied only when selling crypto for fiat currency.

The way this trend seems to be progressing, one can expect every country will end up launching their own digital currency, which eventually replaces paper notes.

Unless a good number of countries and supranational agencies come forward with a plan for a single digital currency to be accepted as a medium of exchange across these jurisdictions, each country will explore an individual launch for their own sovereign currency.

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