⚡️🇫🇷 NEW - On October 2, the Ministry…

⚡️🇫🇷 NEW - On October 2, the Ministry of Economy and Finance published an article entitled "Investing in cryptocurrencies: what you need to know."

The article reviews the basics of cryptocurrencies and their taxation and warns of the risks associated with them.

"Investing in cryptocurrencies is attracting more and more savers, yet these investments are not without risk."

"Among the many cryptocurrencies in circulation are Bitcoin, Ethereum, and Solana. These digital assets differ from traditional currencies (euro, dollar, etc.), known as fiat currencies, in that:
- their existence solely in digital form (no coins or banknotes),
- they are not legal tender,
- their high volatility,
- their decentralization and lack of control by a central bank."

"In addition, the AMF has noted the emergence of numerous scams involving crypto-assets on the internet and social media."

The risk of hacking cannot be ruled out. To secure your crypto assets, you can store your cryptographic keys in a hardware wallet, which takes the form of a small device similar to a USB key.

"In the context of personal asset management, capital gains are taxed at a flat rate of 30%, including:
12.8% for income tax,
17.2% for social security contributions."