French Senator Proposes Taxation On Bitcoin As Non-Productive Asset

According to PANews, French Senator Sylvie Vermeillet has proposed a new classification for Bitcoin and other digital assets in the 2025 budget. The proposal suggests categorizing these digital assets as non-productive properties, similar to real estate and luxury goods, and imposing taxes on their unrealized gains. French Finance Minister Laurent Saint-Martin has expressed support for this initiative. He argues that it is unfair to exempt Bitcoin from taxes while taxing assets in the physical economy. This move aims to address the disparity in taxation between digital and traditional assets, ensuring a more equitable tax system. The proposal reflects ongoing discussions in France about how to regulate and tax digital currencies, which have become increasingly popular among investors. The proposed changes could have significant implications for cryptocurrency holders in France, potentially affecting investment strategies and market dynamics. As the debate continues, stakeholders in the digital asset space are closely monitoring developments to understand how these potential regulations might impact the broader financial landscape.