France backs €100,000 self-custody crypto reporting proposal
France’s National Assembly has approved a proposal requiring taxpayers to declare self-custodied crypto holdings worth at least €100,000 at year-end, with penalties reaching €10,000, as lawmakers debate the country’s 2027 budget. According to the National Assembly’s amendment, the obligation would…
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Cryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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