London Daily

Focus on the big picture.
Friday, Nov 14, 2025

Is France about to relax its rules on cryptocurrencies?

Is France about to relax its rules on cryptocurrencies?

One young French politician is pushing to relax rules on taxing cryptos but others fear there are not enough investors to be worthwhile.

French lawmakers were discussing new laws on Wednesday to clarify the taxation of cryptocurrency assets such as Bitcoin.

Pierre Person, a 32-year-old deputy in the French National Assembly and a member of its law commission, has been the most vocal on the topic and despite being in favour of cryptos, has said there is an issue with taxation.

In September, Person tabled a series of amendments, which he said would “simplify the life of crypto-asset holders and strengthen the attractiveness of this sector in France”.

Person argued a flat tax rate of 30 per cent on digital assets would remove uncertainty over tax, which can cause people to relocate to other countries.


How are cryptos currently regulated in France?

In France, cryptocurrency is taxed in the same way that movable property is taxed. For occasional traders, there is a flat tax of 30 per cent. For crypto miners, there is a tax of 45 per cent and for professional traders there is a tax of 45 per cent.

Paying for goods and services through cryptocurrencies in France also leads to long procedural requirements as it creates a tax obligation.

Another of the suggested requirements put forward by Person is that there would be no tax on crypto payments if the sum does not exceed €3,000.


He has also made a request for French companies to be able to pay their employees and partners in digital assets, and wants to change rules that currently do not allow crypto-asset holders to claim capital losses on their returns.

Person urged in Wednesday that the amendments be made quickly

“Several billion is held by the French in crypto-assets. This money, which sleeps in ‘wallets’, could be reinjected into the real economy," he told parliament.

Why are French ministers against the amendments?


But the Minister of Public Action and Accounts, Olivier Dussopt, called for the provisions toapply from January 1, 2023, leaving the government time to “work out” the amendments.

Some fear that there are not enough crypto investors in Francef or the amendments to work.

“The 30 per cent tax on capital gains on disposal is not attractive enough, we must encourage the many investors to transform their crypto-assets into fiat money (government issued currency),” French politician Eric Woerth recently quoted as saying.

Newsletter

Related Articles

0:00
0:00
Close
UK Upholds Firm Rules on Stablecoins to Shield Financial System
Brussels Divided as UK-EU Reset Stalls Over Budget Access
Prince Harry’s Remembrance Day Essay Expresses Strong Regret at Leaving Britain
UK Unemployment Hits 5% as Wage Growth Slows, Paving Way for Bank of England Rate Cut
Starmer Warns of Resurgent Racism in UK Politics as He Vows Child-Poverty Reforms
UK Grocery Inflation Slows to 4.7% as Supermarkets Launch Pre-Christmas Promotions
UK Government Backs the BBC amid Editing Scandal and Trump Threat of Legal Action
UK Assessment Mis-Estimated Fallout From Palestine Action Ban, Records Reveal
UK Halts Intelligence Sharing with US Amid Lethal Boat-Strike Concerns
King Charles III Leads Britain in Remembrance Sunday Tribute to War Dead
UK Retail Sales Growth Slows as Households Hold Back Ahead of Black Friday and Budget
Shell Pulls Out of Two UK Floating Wind Projects Amid Renewables Retreat
Viagogo Hit With £15 Million Tax Bill After HMRC Transfer-Pricing Inquiry
Jaguar Land Rover Cyberattack Pinches UK GDP, Bank of England Says
UK and Germany Sound Alarm on Russian-Satellite Threat to Critical Infrastructure
Former Prince Andrew Faces U.S. Congressional Request for Testimony Amid Brexit of Royal Title
BBC Director-General Tim Davie and News CEO Deborah Turness Resign Amid Editing Controversy
Tom Cruise Arrives by Helicopter at UK Scientology Fundraiser Amid Local Protests
Prince Andrew and Sarah Ferguson Face Fresh UK Probes Amid Royal Fallout
Mothers Link Teen Suicides to AI Chatbots in Growing Legal Battle
UK Government to Mirror Denmark’s Tough Immigration Framework in Major Policy Shift
UK Government Turns to Denmark-Style Immigration Reforms to Overhaul Border Rules
UK Chancellor Warned Against Cutting Insulation Funding as Budget Looms
UK Tenant Complaints Hit Record Levels as Rental Sector Faces Mounting Pressure
Apple to Pay Google About One Billion Dollars Annually for Gemini AI to Power Next-Generation Siri
UK Signals Major Shift as Nuclear Arms Race Looms
BBC’s « Celebrity Traitors UK » Finale Breaks Records with 11.1 Million Viewers
UK Spy Case Collapse Highlights Implications for UK-Taiwan Strategic Alignment
On the Road to the Oscars? Meghan Markle to Star in a New Film
A Vote Worth a Trillion Dollars: Elon Musk’s Defining Day
AI Researchers Claim Human-Level General Intelligence Is Already Here
President Donald Trump Challenges Nigeria with Military Options Over Alleged Christian Killings
Nancy Pelosi Finally Announces She Will Not Seek Re-Election, Signalling End of Long Congressional Career
UK Pre-Budget Blues and Rate-Cut Concerns Pile Pressure on Pound
ITV Warns of Nine-Per-Cent Drop in Q4 Advertising Revenue Amid Budget Uncertainty
National Grid Posts Slightly Stronger-Than-Expected Half-Year Profit as Regulatory Investments Drive Growth
UK Business Lobby Urges Reeves to Break Tax Pledges and Build Fiscal Headroom
UK to Launch Consultation on Stablecoin Regulation on November 10
UK Savers Rush to Withdraw Pension Cash Ahead of Budget Amid Tax-Change Fears
Massive Spoilers Emerge from MAFS UK 2025: Couple Swaps, Dating App Leaks and Reunion Bombshells
Kurdish-led Crime Network Operates UK Mini-Marts to Exploit Migrants and Sell Illicit Goods
UK Income Tax Hike Could Trigger £1 Billion Cut to Scotland’s Budget, Warns Finance Secretary
Tommy Robinson Acquitted of Terror-related Charge After Phone PIN Dispute
Boris Johnson Condemns Western Support for Hamas at Jewish Community Conference
HII Welcomes UK’s Westley Group to Strengthen AUKUS Submarine Supply Chain
Tragedy in Serbia: Coach Mladen Žižović Collapses During Match and Dies at 44
Diplo Says He Dated Katy Perry — and Justin Trudeau
Dick Cheney, Former U.S. Vice President, Dies at 84
Trump Calls Title Removal of Andrew ‘Tragic Situation’ Amid Royal Fallout
UK Bonds Rally as Chancellor Reeves Briefs Markets Ahead of November Budget
×