France to Cut Taxes for Retail Crypto Traders

The French Council of State is going to cut taxes for retail crypto traders
27 April 2018   949

The French Council of State announced on Thursday that profits arising from cryptocurrency sales should be considered as capital gains of "movable property" - a decision that will see the tax rate levied drop significantly.

Currently, gains from the sale of cryptocurrency trading are normally considered "industrial and commercial profits" (BIC), while those from occasional transactions are treated as "non-commercial profits."

It follows that tax on crypto gains can be as high as 45% for higher-band taxpayers, and that's also in addition to the country's generalized social contribution (CSG) of 17.2%.

Classifying cryptos as movable property (as the name suggests, these are assets that are not fixed in place like buildings), however, brings a flat CGT liability of 19 percent, plus CSG.

The Council of State also said certain types of transaction may however "fall under provisions relating to other categories of income," and that proceeds from cryptocurrency mining as well as commercial activities related to the technology will still be taxed at the BIC rate.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   103

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.
 

Diffusion

Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!