Question 15510 — payment methods

Summary

Ms. Barbara Bessot Ballot questions the Secretary of State to the Minister of the Economy and Finance and the Minister of Action and Public Accounts, responsible for digital technology, about the growth of the blockchain concept in France. In 2016, France was the first country in Europe to include the term “blockchain” in law. In a parliamentary report presented on December 12, 2018 to the National Assembly (report of the fact-finding mission "blockchains"), the rapporteurs call for massive investment in blockchain, and demonstrate the strong potential that this booming sector represents in the territories, particularly in the banking, agriculture, insurance sectors, and also in public services. Indeed, the development of the use of blockchain could contribute to the reduction of many administrative burdens and consequently, to save administrative time and, ultimately, public spending. Added to this is the stated objective of many French startups developing in the sector to integrate their activity into the French economy. On the other hand, in order to fully exploit this ecosystem, a relevant and appropriate legal and regulatory framework is now essential. In fact, many companies in the sector are doing today faced with various difficulties, in particular: opening a bank account in a banking establishment in the European Economic Area; the blocking of VAT reimbursement by the corporate tax service (SIE), this blocking resulting in particular from the presence of invoices giving rise to payment in crypto-assets; and finally, a lack of clear vision from the point of view of accounting and tax schemes, source of pre and post ICO insecurity, at the risk of seeing ICOs and other associated activities relocate to other neighboring countries. It must be possible to build new economic models, and France can be ahead in the field of blockchain if we act quickly. She then questions him about the measures planned by the Government in order to remove the various obstacles and uncertainties, and allow France to show the path to being a welcoming land for entrepreneurial projects in crypto assets.

Machine translation from French. The official text remains authoritative.

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• Barbara Bessot Ballot · auteur

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