France just voted to make you declare your self-custody crypto.
Amendment I-2701 passed the National Assembly 150 to 44, with 8 abstentions.
It would require taxpayers to declare self-custodied crypto assets worth over €100,000.
The Assembly must finish first reading by Nov 17. The Senate starts its review Nov 20.
My take: self-custody is moving from "private by default" to "reported by default" in more places. Watch whether the €100K threshold survives the Senate.
Should self-custody holdings above a threshold be reportable, yes or no? And is €100K too low?
$BTC $ETH
#crypto #regulation #selfcustody
Amendment I-2701 passed the National Assembly 150 to 44, with 8 abstentions.
It would require taxpayers to declare self-custodied crypto assets worth over €100,000.
The Assembly must finish first reading by Nov 17. The Senate starts its review Nov 20.
My take: self-custody is moving from "private by default" to "reported by default" in more places. Watch whether the €100K threshold survives the Senate.
Should self-custody holdings above a threshold be reportable, yes or no? And is €100K too low?
$BTC $ETH
#crypto #regulation #selfcustody