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Market
Will French web3 companies relocate due to the new tax policy by end of 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Announcements from web3 companies and news reports
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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Similar markets
Yes • 50%
No • 50%
Similar bans imposed • 25%
Increased scrutiny without bans • 25%
No significant reaction • 25%
Other actions • 25%
Financial loss to France • 25%
Ethical concerns • 25%
Political pressure • 25%
Other reasons • 25%
Full compliance achieved • 25%
Partial compliance achieved • 25%
No compliance achieved • 25%
Other status • 25%
Yes • 50%
No • 50%
Technology sector • 25%
Financial sector • 25%
Retail sector • 25%
Other sectors • 25%