A cryptocurrency bill co-signed by 91 parliamentarians and led by Deputy Paul Midy was filed at the French National Assembly under reference No. 3090. The text notably provides that tokens received through airdrops will only be taxable upon their sale, that crypto losses can be carried forward for ten years, and that crypto payments will be exempt up to 1,000 euros per year. The executive protection section includes masking their personal addresses in public registries and allowing companies to cover protection expenses without risk of being classified as misuse of corporate assets. The bill also proposes opening the European DLT pilot regime to societe par actions simplifiee (SAS), a widely used structure among French start-ups.
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