Our founder, Houssen Issouf Aly, joined Thibaut Boutrou of MERIA (formerly Just Mining) and Stéphane Molère on BFM Business to discuss accounting issues affecting Web3 companies in France.
Accounting questions discussed during the programme
- The absence, at the time of the discussion, of a comprehensive accounting framework covering every DeFi and NFT transaction.
- The structure of token fundraising and the difficulty of classifying the rights attached to a token. The discussion addressed situations where a token’s proposed utility could expose the issuer to corporate income tax and VAT.
The role of a crypto-aware accountant
- Supporting the different stages of fundraising involving digital assets.
- Examining eligibility for measures such as France’s JEI status, research tax credit (CIR) and innovation tax credit (CII).
- Helping identify relevant grants.
The firm’s activities at the time
The interview described accounting and advisory work for freelancers contributing to DAOs, businesses developing DeFi protocols and NFT projects, alongside support for traditional companies wishing to acquire crypto-assets. It also discussed the value of a network of legal, tax and technical partners and digital-asset service providers.
Watch the full interview on YouTube (in French). The services and regulatory context described in this archive should be read as those of the original interview.