Notably, cryptocurrencies are still very much unregulated in France despite its ambition to become one of the leading blockchain countries.
However, French authorities have recently issued limited guidance concerning the tax treatment of cryptocurrencies, including taxation on any profits from the sale and that the value of a digital currency is to be considered when calculating the wealth tax.
Besides, it is said that the French Education Ministry, Le Ministère de l’Éducation Nationale, will integrate bitcoin and cryptocurrency learning in the syllabus of high school students in France. Educators will have to provide a basic overview of cryptocurrency so students can understand the framework of decentralized financial systems.
The modules that will be added in Economics and Social Sciences syllabus is known to be the first program encouraging blockchain studies among high school students. An initiative of this kind is believed to benefits the future generation and future economy in the nation.
Emmanuel Macron, the President of French notably has long encouraged the nation for advancements in technology and innovation, in the hope to make France into an international powerhouse in both industries.
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Nurul is an English Language graduate who is highly passionate on writing, she literally breathes on it. An avid reader and a critical thinker, she covers on blockchain news during day and weeps at sad novels at night.