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IPFS News Link • Bitcoin

France Plans to Identify Bitcoin Users and then Tax Them

•, Julie Wilson
Effective last Friday, the country updated its tax rules to make profits from Bitcoin sales subject to capital gains taxes, and will also classify the digital currency as an asset that add to owners' wealth, subjecting them to France's "fortune tax." Proponents say the new regulations will add legitimacy to the crypto-currency, but others disagree, arguing the hope for Bitcoin was to build a currency that could be used anonymously and remain free from government intervention.