French Lawmakers Want to Give Bitcoin Investors a Tax Cut

According to a French news website, France’s lower house of parliament (Assemblée Nationale) has backed a proposed plan from its finance commission which will effectively bring the taxes on bitcoin gains in line with other capital gains taxes in the country. At present, bitcoin sales are taxed about 20 percent more than traditional capital gains

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French Bitcoin Startup ACINQ Raises $1.7 Million to Grow the Lightning Network

French bitcoin startup ACINQ has closed $1.7 million in seed funding to aid its development of the tools and services necessary to help the Lightning Network (LN) experience mass adoption. Lightning Network Developer Closes Seed Round According to the announcement, the Series Seed round was led by venture capital firm Serena, with participation from Bertrand

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French Official Arrested for Allegedly Selling State Secrets for Bitcoin

A French security official with the Direction Générale de la Sécurité Intérieure (DGSI) was indicted last week and taken into custody on charges of selling state secrets in exchange for payments in bitcoin. According to local French media Le Parisien, the unnamed agent was allegedly arrested for peddling economic information and falsifying administrative documents. Protecting French

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Alleged Bitcoin Launderer Alexander Vinnik Questioned by French Investigators, Lawyer Says Charges are ‘Trumped up’

The legal saga surrounding alleged bitcoin launderer Alexander Vinnik continues to grow more complicated, as law enforcement officials in three separate countries jockey for the authorization to extradite the alleged BTC-e administrator from Greece, where is currently in local police custody. Russian state-operated news service TASS reports that French investigators questioned Vinnik on Monday in

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France Accepts New ICO Framework to Become Europe’s Leading ICO Hub

An Initial Coin Offering (ICO) framework proposed by French financial market regulators AMF (l’Autorité des marchés financiers) has been accepted in parliament. France’s Minister for the Economy and Finance, Bruno Le Maire, confirmed the acceptance of the legal ICO framework in a recent tweet. ✅Article 26 adopté en commission #PACTE ! ➡️Un cadre juridique des

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A Former Bitcoin Exchange Admin Could Be Key to Mueller’s Russia Investigation

A Russian citizen accused of running a cryptocurrency exchange that helped a billion dollar money laundering operation could be in possession of valuable information that could potentially expose how a group of Russians indicted recently by U.S. Special Counsel Robert Mueller managed to hide their money trail using bitcoin. Bloomberg reports that Alexander Vinnik, who is currently

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South Korean Businessman Loses US$2.3 Million in Bitcoin-Fiat P2P Scam

An offline peer-to-peer exchange of bitcoin to fiat turned sour for a South Korean businessman after it emerged that the euros he had swapped for his cryptocurrency holdings were fake. According to Agence France-Presse (AFP), the Singapore-based South Korean businessman who runs a cryptocurrency firm intended to exchange the bitcoins worth approximately US$2.3 million for

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France Slashes Cryptocurrency Tax Rate from 45% to a Flat 19%

France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market. The French Council of State has decided to change the classification of cryptocurrency capital gains, thereby lowering the tax rate from as high as 45% to a flat rate of 19%, a

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France’s Finance Minister Plans ICO Regulations in Bid to Attract Crypto Startups

According to a recently published opinion piece, France’s finance minister Bruno Le Maire revealed that the country plans on creating a legal framework for initial coin offerings (ICOs) in a bid to become a leading ICO hub. In the opinion piece, published on French website Numerama, Le Maire claims he asked former central bank official

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French Finance Minister Reverses Course, Turns Bullish on Cryptocurrencies

The mood on cryptocurrencies at the G20 meeting in Argentina in recent days was decidedly hopeful. Among the world leaders, Bruno Le Maire, France’s finance minister, helped to set the tone, saying ahead of the summit in an interview with Numerama that he wants the country to be out front on cryptocurrencies. France already has a leadership position in

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