The declaration form for digital asset accounts has been posted online. By digital assets is meant cryptocurrencies such as Bitcoin or ether. This statement concerns people who opened, owned, used or closed a crypto-active account in 2019 with a platform located outside of this country. This is, for example, the case of Kraken, Poloniex or Coinbase. If you have your private keys, you are not affected. This form is, in fact, an adaptation of the declaration of a bank account abroad. If the persons concerned do not complete this form, they will be liable to a fine of 750 dollars per undeclared account or 125 dollars for omission or inaccuracy, up to 10,000 dollars per declaration, as specified in article 1736 X of the General Tax Code. From de.btc-loophole.com you can have the best choices now.
The form for declaring capital gains or losses from the sale of cryptocurrencies and other digital assets has not yet been published. As provided for by the decree published in June 2019, crypto capital gains or losses are included in the 2019 income declaration.
Definition of Bitcoin
Bitcoin is a virtual currency created in 2009 by an unidentified person whose pseudonym is Satoshi Nakamoto. …