(R) Crypto evolution. What if you could finance your projects without selling a single Satoshi? No, it is not a crypto-fiscal mirage, but indeed the latest innovation of French Monetary and Financial Code. Since April 30, 2025, a new wealth of wealthy of active crypto has turned the landscape of bank guarantees upside down. And it could be very good news for cryptocurrencies!
- A new mechanism for the ponding of digital assets has been introduced in France, making it possible to finance projects without selling its cryptos.
- This innovative legal framework makes it possible to pose your cryptocurrency to obtain a loan in euros, while remaining taxally neutral.
The Lombard Credit Version 3.0: a fine heritage engineering mechanics
For the uninitiated, the Lombard credit has nothing to do with an obscure Italian banker or a Netflix series character. It is, in its simplest expression, A loan guaranteed by an asset. In the past, we placed his gold watch with a usurier, today, we pledge his bitcoins with a credit institution.
Thanks to this legislative reform shared by several specialists on social networks, you can now Officially pledge your cryptocurrency In France to obtain a loan in euros from a bank or neobank. No need to liquidate your precious tokens. No sale,, no taxation. Just a small detour by a conservative PSAN (service provider), who will keep your cryptos warm while you are investing … or you pay a vacation!
The interest is clear: use the value of its assets without dispossessing it. Paul, long -term investor, deposits € 100,000 in bitcoins for a loan of € 40,000. He remains the owner of his assets, but benefits from their lever power. And above all, as long as he sells anything, thetax administration does not flinch. The added value remains latentlike a time bomb … except that it only jumps if you press the button » sell « .
Crypto + tradfi: the long -awaited marriage of reason
And during this time, the taxpayer savoring his liquidity, while the patient’s patient, even gets impatient.
Obviously, in the world of collateralized loans defiit already existed: you deposited your cryptos in a Smart Contractand get stable. But everything remained intra-rings. Impossible to pay the plumber with a DAI (unless it is very, very avant-garde). What this new legal framework allows is a bridge between the crypto-economy And the good old banking world. Of the Liquidity in eurosagainst A crypto pledgebox, legal, and – for the moment – fiscally neutral. However, prudence remains in order here as to the legislative vagueness around this recent change.
Indeed, despite its advantages, Lombard credit raises tax issues. The regulations remain unclear regarding the declaration of capital gains linked to wealthy assets. The approach varies according to the courts, requiring increased vigilance to remain in conformity.
In any case, this new pledge of digital assets is currently a strategic advance. He devotes the entry of the crypto into the law of guarantees, and created a legal gateway to a hybrid finance. It remains to be seen how long this tax breach will last before the legislator decides to play the spoilsports. In the meantime, for French crypto-holders, it may be the time to make your Satoshis work instead of Let sleep in a cold wallet.