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How will new Bitcoin wallet registrations in France change by mid-2025?
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Resolution / Starting Odds
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Data from blockchain analytics firms and French financial institutions
Story
France to Tax Unrealized Bitcoin Gains Over €800,000 Starting 2025
Dec 3, 2024, 11:33 AM
The French Senate has voted to introduce a new tax on 'unproductive wealth,' which includes digital assets like Bitcoin. This tax targets unrealized capital gains from Bitcoin, aiming to tax wealth that is not actively contributing to the economy. The legislation, set to take effect from 2025, will apply to local holders with assets exceeding €800,000. This move has sparked debate about its potential impact on investments and the economy, with critics arguing that it could stifle innovation and growth in the French web3 industry.
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