The EURZ token is a euro stablecoin created by our company DIGITAL BROKER using our own blockchain, MARIPOSA. This token completely replaces the euro within the platform because its value is equal to 1 for 1 (1 EURZ = 1 euro) and allows significant advantages.
The funds are segregated in a dedicated bank account by our banking partner who is a payment institution.
Your euro deposits are automatically converted into EURZ at no extra cost, and are eligible for instant transfers. Using EURZ for your trades allows you to avoid euro/digital asset exchanges and/or trades involving a specific declaration on the 2086 form.
Your EURZ withdrawals are redeemed by DIGITAL BROKER against euros in your bank account, it is only at the time of this withdrawal that you are subject to a declaration.
In short: the EURZ allows you to avoid declaring your trades, and greatly simplifies your tax declaration. Only the withdrawals in EURZ on your bank account will be declared.