France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales

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France will tax when cryptocurrencies are sold for fiat currency, but won’t tax crypto-only trades, said French economy minister Bruno Le Maire. French economy minister Bruno Le Maire said on Sept. 12 that French authorities won’t tax crypto-to-crypto trades, but will tax when cryptocurrencies are sold for fiat currency.Bloomberg Tax reported on Le Maire’s declarations on Sept. 12. Per the report he noted:“We believe that the moment the gains are converted into traditional money is the right time to assess tax.”Easier transaction trackingThe author of the report also explains that such an approach to taxing cryptocurrency trading would help with…
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France Won’t Tax Crypto-Only Trades, Will Tax Crypto-to-Fiat Sales

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