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#elmundoencontexto Cryptocurrencies and taxation: Switzerland or France, where is it more profitable?
The tax regimes for cryptocurrencies in France and Switzerland show significant differences. While Switzerland is known for its favorable taxation for private investors, France applies a stricter taxation with a flat tax of 30% on capital gains. Here is a detailed comparison of the tax obligations in these two countries.
The tax regimes for cryptocurrencies in France and Switzerland show significant differences. While Switzerland is known for its favorable taxation for private investors, France applies a stricter taxation with a flat tax of 30% on capital gains. Here is a detailed comparison of the tax obligations in these two countries.
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#Elmundoencontexto Globalization and Geopolitics
Imagine the world as a large marketplace where everyone buys and sells. That is globalization in a nutshell: a process where countries, companies, and people are more connected than ever. But this global dance is not as simple as it seems. There is a second player on the floor, one more interested in power and control: geopolitics.
Geopolitics is like a global chess game, where each country is a piece trying to control the board. Location, natural resources, and relationships between countries are the rules of this game. And this is where globalization meets geopolitics in an inevitable clash.
Globalization has made countries more dependent on each other. If one country sneezes, the whole world can catch a cold. This has intensified the competition for resources and markets, generating tensions between the great powers. The rivalry between the United States and China is a clear example of how globalization has fueled geopolitical ambitions.
But geopolitics also limits globalization. Wars, sanctions, and trade barriers are like walls that hinder the free flow of goods, services, and people. The Ukraine crisis, for example, showed us how a regional conflict can have a global impact on supply chains and energy markets.
Imagine the world as a large marketplace where everyone buys and sells. That is globalization in a nutshell: a process where countries, companies, and people are more connected than ever. But this global dance is not as simple as it seems. There is a second player on the floor, one more interested in power and control: geopolitics.
Geopolitics is like a global chess game, where each country is a piece trying to control the board. Location, natural resources, and relationships between countries are the rules of this game. And this is where globalization meets geopolitics in an inevitable clash.
Globalization has made countries more dependent on each other. If one country sneezes, the whole world can catch a cold. This has intensified the competition for resources and markets, generating tensions between the great powers. The rivalry between the United States and China is a clear example of how globalization has fueled geopolitical ambitions.
But geopolitics also limits globalization. Wars, sanctions, and trade barriers are like walls that hinder the free flow of goods, services, and people. The Ukraine crisis, for example, showed us how a regional conflict can have a global impact on supply chains and energy markets.
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#Elmundoencontexto CAF bets on Peru, Argentina, and Colombia in GenIA
On this occasion, CAF emphasized that the winning startups will move on to their Demo Day, after two months of intensive work, where they received specialists in GovTech, AI, generative AI or GenAI, and blockchain technology. The tech companies created solutions in 60 days to combat corruption and optimize transparency in the public sector.
On this occasion, CAF emphasized that the winning startups will move on to their Demo Day, after two months of intensive work, where they received specialists in GovTech, AI, generative AI or GenAI, and blockchain technology. The tech companies created solutions in 60 days to combat corruption and optimize transparency in the public sector.
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#Elmundoencontexto There are 28 billionaires from cryptocurrencies in the world. Only 11 of them are so from investing in bitcoin
Last year we were able to take a look at the global wealth report of 2023, prepared by UBS and Credit Suisse. In it we observed that, according to the data, there were approximately 59.4 million people in the world with a net worth of over one million dollars. While cryptocurrencies have contributed to increasing this figure, their impact in this regard may not have been as overwhelming as some expected.
Although bitcoin has risen to historic highs reaching a valuation of over 100,000 dollars just a few months ago, these last few years have also been somewhat turbulent in the cryptocurrency sector. Although we know it is an extremely volatile market, there are those who have amassed a great fortune with bitcoin, even above 1 billion dollars, although evidently the percentage is minuscule compared to all the users who invest in this crypto asset.
11 people in the world have achieved over 1 billion dollars just with bitcoin
Last year we were able to take a look at the global wealth report of 2023, prepared by UBS and Credit Suisse. In it we observed that, according to the data, there were approximately 59.4 million people in the world with a net worth of over one million dollars. While cryptocurrencies have contributed to increasing this figure, their impact in this regard may not have been as overwhelming as some expected.
Although bitcoin has risen to historic highs reaching a valuation of over 100,000 dollars just a few months ago, these last few years have also been somewhat turbulent in the cryptocurrency sector. Although we know it is an extremely volatile market, there are those who have amassed a great fortune with bitcoin, even above 1 billion dollars, although evidently the percentage is minuscule compared to all the users who invest in this crypto asset.
11 people in the world have achieved over 1 billion dollars just with bitcoin
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#elmundoencontexto Which country to choose to optimize your crypto taxation?
The choice between France and Switzerland depends on your activity in cryptocurrencies:
If you are a private investor who buys and sells cryptocurrencies without intensive trading, Switzerland is undoubtedly more advantageous, as you will not pay taxes on your capital gains.
If you generate income through staking, mining, or yield farming, you will be subject to taxes in both Switzerland and France, but Switzerland offers more competitive rates depending on the canton.
If you are a professional trader, Switzerland also taxes profits, but the taxation remains more flexible depending on the cantons.
Regulations are evolving rapidly, and the taxation of cryptocurrencies in Europe could change even further. But for now, Switzerland remains more tax attractive than France for crypto investors.
The choice between France and Switzerland depends on your activity in cryptocurrencies:
If you are a private investor who buys and sells cryptocurrencies without intensive trading, Switzerland is undoubtedly more advantageous, as you will not pay taxes on your capital gains.
If you generate income through staking, mining, or yield farming, you will be subject to taxes in both Switzerland and France, but Switzerland offers more competitive rates depending on the canton.
If you are a professional trader, Switzerland also taxes profits, but the taxation remains more flexible depending on the cantons.
Regulations are evolving rapidly, and the taxation of cryptocurrencies in Europe could change even further. But for now, Switzerland remains more tax attractive than France for crypto investors.
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#Elmundoencontexto South Korea avoids bitcoin for its reserves, citing volatilityThe Bank of Korea rejects Bitcoin as a foreign reserve due to price volatility and associated financial risks.
Experts suggest that South Korea explore a stablecoin based on the won to bridge traditional finance and digital assets.
The Bank of Korea (BOK) has not considered including Bitcoin (BTC) in its foreign exchange reserves. The high price volatility and the possibility that this stance could disrupt the financial stability of the nation are the basis for this.
However, some legislators and financial analysts in South Korea have begun to advocate for the nationās foreign exchange reserves and the Bitcoin dilemma for the BOK.
It is not surprising that the BOK decided not to include Bitcoin in its foreign exchange reserves. Stability is the primary concern of a central bank. Bitcoin is not suitable for foreign exchange reserves, which ideally should be liquid and stable due to its price fluctuations, which can rise or fall within hours.
On the contrary, some might argue that diversifying foreign exchange reserves using digital assets like Bitcoin would be a novel approach. Proponents of this concept argue that, over time, BTC could serve as a hedge against fiat currency decline and provide access to a broader global financial environment.
Experts suggest that South Korea explore a stablecoin based on the won to bridge traditional finance and digital assets.
The Bank of Korea (BOK) has not considered including Bitcoin (BTC) in its foreign exchange reserves. The high price volatility and the possibility that this stance could disrupt the financial stability of the nation are the basis for this.
However, some legislators and financial analysts in South Korea have begun to advocate for the nationās foreign exchange reserves and the Bitcoin dilemma for the BOK.
It is not surprising that the BOK decided not to include Bitcoin in its foreign exchange reserves. Stability is the primary concern of a central bank. Bitcoin is not suitable for foreign exchange reserves, which ideally should be liquid and stable due to its price fluctuations, which can rise or fall within hours.
On the contrary, some might argue that diversifying foreign exchange reserves using digital assets like Bitcoin would be a novel approach. Proponents of this concept argue that, over time, BTC could serve as a hedge against fiat currency decline and provide access to a broader global financial environment.
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Many people think they can get rich just with airdrops (or similar things) without investing anything because:
1. Hope for a "lucky break": They dream of finding a case like someone who received an airdrop worth hundreds or thousands of dollars without doing much, like what happened with tokens like $UNI or $ARB.
2. "Easy money" mentality: The idea of making money without risk or effort is very appealing, especially on social media where those success stories are promoted as if they were common.
3. Distrust in investing: Some are afraid of losing money or do not understand how investments work, so they prefer "free" options.
4. Misinformation: Many do not know that, although airdrops can be useful, they almost always require time, consistency, and, in some cases, some capital (even if it's little) to qualify.
In summary: yes, you can earn something with airdrops, but getting rich just from that is extremely rare. Most of the time, those who really earn well combine airdrops with investment, analysis, and active participation in communities. Are you involved in the crypto world or are you just interested in the topic?
#Elmundoencontexto
1. Hope for a "lucky break": They dream of finding a case like someone who received an airdrop worth hundreds or thousands of dollars without doing much, like what happened with tokens like $UNI or $ARB.
2. "Easy money" mentality: The idea of making money without risk or effort is very appealing, especially on social media where those success stories are promoted as if they were common.
3. Distrust in investing: Some are afraid of losing money or do not understand how investments work, so they prefer "free" options.
4. Misinformation: Many do not know that, although airdrops can be useful, they almost always require time, consistency, and, in some cases, some capital (even if it's little) to qualify.
In summary: yes, you can earn something with airdrops, but getting rich just from that is extremely rare. Most of the time, those who really earn well combine airdrops with investment, analysis, and active participation in communities. Are you involved in the crypto world or are you just interested in the topic?
#Elmundoencontexto
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