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France Proposes Tax on Unrealized Crypto Gains While Targeting 420,000 BTC Reserve

French authorities are reportedly considering taxing unrealized cryptocurrency holdings and accumulating a reserve of 420,000 Bitcoin.

BTC

Summary

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Terms & Concepts
  • Unrealized gains tax: A tax on the increase in value of an asset before it is sold or exchanged for cash.
  • BTC: Abbreviation for Bitcoin, the first and most widely used cryptocurrency.