The European Union (EU) appears to have a neutral stance on bitcoin and cryptocurrencies. The region’s parliament has no specific legislation on cryptocurrencies. In addition, digital assets are considered legal among member countries.
For instance, Germany does not impose capital gains tax on bitcoin sales if the cryptocurrency is held for more than a year. In the United Kingdom, the number one cryptocurrency is considered a foreign currency. In Finland, regulations are a bit stricter. Trading exchanges and wallet providers are required by law to register with the Financial Supervisory Authority and meet the department’s provisions.
While other member states figure out how to handle virtual assets, France is already preparing the next generation of its workforce. The country recently made changes to its curriculum. Its high school students will start learning about bitcoin and cryptocurrencies.