France is coming for Bitcoin holders with a wild tax proposal for 2025:
unrealized gains on crypto over €800k will be taxed like luxury goods or idle real estate.
Crypto-to-crypto trades stay tax-free, but miss a report? Fines up to €1,500 per account.
This could hit investors hard and shake the market.
Balanced taxation or overreach?
$BTC
Okay let me just accumulate €800k in $BTC real quick !LOLZ
That can hinder #crypto industry in #france #cent
lolztoken.com
Total snooze fest.
Credit: reddit
@falcon97, I sent you an $LOLZ on behalf of ben.haase
(4/10)
Be fast
I think that BTC 100K will bring many issues that we cannot even imagine (hyper taxation may be one of them)
Thats a good point to consider and unfortunately that's almost inevitable.