French Finance Ministry to Provide Assistance For Crypto Industry

May 21, 2018

Bruno Le Maire, Minister of Finance in France, has reported, the ministry is ready to support crypto industry. He also expressed his personal interest in cryptocurrencies and wish to introduce the technology to the public thus developing the industry and propel France to the top in blockchain and crypto innovations in the EU.

Le Maire noted, he regards as admissible adopting taxation in one-time payment format with full tax exemptions in some cases.

License grating for various kinds of startups and ICO must be set to advanced level, so the official formed a working group for crypto industry control to resolve these issues.

Note that the Bank of France is quite skeptical about this statement while its governor calls Bitcoin a speculative asset.

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