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Libra—the Facebook-allied cryptocurrency that has been riddled with controversy, is ‘inescapable’ and here to stay. This is according to a French tycoon Xavier Niel, who is also the founder of telecoms group Iliad. The Libra enthusiast said that Libra is “inevitable” and “will exist” just as more than 1000 other cryptocurrencies exist in the market. [...]
According to the Finance Minister of France, traders will not have to pay taxes for gains they made on crypto-to-crypto trading unless they convert them into fiat currencies. The decision to not tax France-based crypto traders is apparently part of the French authorities’ plan of tracking virtual currency transactions. Regarding Facebook’s impending Libra cryptocurrency, the [...]
The French Finance Ministry has released a statement outlining its intention to block the development of Facebook-allied Libra cryptocurrency. Facebook, the social networking platform had earlier in the year announced that it was in the process of developing its own cryptocurrency, which would be known as Libra. The ministry has deemed the cryptocurrency too risky [...]