France just passed new crypto tax amendments targeting stablecoin swaps. Exit taxes and self-custodial wallet reporting are next on the table.

Europe's playbook is obvious now: full visibility over your bags and every transaction.

The irony? The more complex they make the tax code, the harder it gets for regular people to stay compliant. Meanwhile, the whales have tax lawyers on speed dial.

This is the beginning of a broader crackdown. If you're holding in EU jurisdictions, start planning your structure now. Self-custody reporting means they're coming for cold wallets too.

The friction is real. Expect capital to flow where the rules are clearer.