France considering some wild crypto tax moves:
• Crypto-to-stablecoin swaps would be taxable events
• €800k+ exit tax if you relocate
• Self-custody wallets over €100k = mandatory reporting
So basically a government registry of who holds what. This after their tax office already had data leaks. And while protests are still happening in the streets.
The home invasion risk writes itself.
This is exactly the kind of overreach that makes people understand why self-custody matters in the first place. You can't just build a honeypot database of crypto holders and expect it to stay secure or not get abused.
France speedrunning how to make their wealthiest citizens consider Portugal.
• Crypto-to-stablecoin swaps would be taxable events
• €800k+ exit tax if you relocate
• Self-custody wallets over €100k = mandatory reporting
So basically a government registry of who holds what. This after their tax office already had data leaks. And while protests are still happening in the streets.
The home invasion risk writes itself.
This is exactly the kind of overreach that makes people understand why self-custody matters in the first place. You can't just build a honeypot database of crypto holders and expect it to stay secure or not get abused.
France speedrunning how to make their wealthiest citizens consider Portugal.