The taxation of cryptocurrencies, a real headache

From 2023, individuals who sell digital currencies will have more guarantees.

The spectacular fall in the crypto-asset market at the start of the week, with bitcoin plunging to its lowest level since the end of 2020, once again highlighted the extreme fragility of these digital currencies used by a minority of French people (8 % approximately) with a rather young profile. Speculation or technological revolution, their rise does not however escape the taxman and the legislator.

No offense to some, virtual currency is not synonymous with tax exemption. As with the sale of a security on the financial markets, a French resident who makes gains when selling “cryptos” is indeed taxed in accordance with the rules in place since 2019. And, unsurprisingly, the regime in force can be a real headache for individuals; their task should however be made easier from 2023, with the implementation of new, clearer rules.

“Legal security”

Voted in the 2022 finance law, “these new rules will provide legal certainty. The…

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