CryptoCointelegraphabout 3 hours ago
France backs crypto wallet reporting rule
2 min read
French lawmakers adopted Amendment I-CF821 requiring holders of self-custodied crypto assets worth 100,000 euros or more to report holdings by Dec. 31. Failure to declare could result in fines up to 10,000 euros. The proposal aims to combat tax evasion after a 2021 inquiry found 3.5 billion euros in unreported crypto capital gains versus only 400 million euros declared.
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