#franceadvancescryptoselfcustodyreportingproposal
🚨 FRANCE TARGETS UNDECLARED CRYPTO WALLETS!
🇫🇷 France is considering tougher crypto reporting rules that could affect self-custody wallet holders.
📌 What You Need to Know:
🔹 Proposed disclosure threshold: €100,000 in self-custodied crypto holdings.
🔹 Potential penalties: Up to €10,000 for failing to declare qualifying holdings.
🔹 Current status: The proposal has received committee support, but it is not yet final law.
🔐 Why It Matters: Self-custody gives users control over their crypto, but governments are increasingly focusing on tax transparency and asset reporting.
Could stricter reporting rules change how people manage their crypto?
What’s your opinion? 👇
Should self-custody wallets face mandatory reporting?
$XRP $BTW $INIT
#CryptoNews #Bitcoin #France #CryptoRegulation #BinanceSquare
🚨 FRANCE TARGETS UNDECLARED CRYPTO WALLETS!
🇫🇷 France is considering tougher crypto reporting rules that could affect self-custody wallet holders.
📌 What You Need to Know:
🔹 Proposed disclosure threshold: €100,000 in self-custodied crypto holdings.
🔹 Potential penalties: Up to €10,000 for failing to declare qualifying holdings.
🔹 Current status: The proposal has received committee support, but it is not yet final law.
🔐 Why It Matters: Self-custody gives users control over their crypto, but governments are increasingly focusing on tax transparency and asset reporting.
Could stricter reporting rules change how people manage their crypto?
What’s your opinion? 👇
Should self-custody wallets face mandatory reporting?
$XRP $BTW $INIT
#CryptoNews #Bitcoin #France #CryptoRegulation #BinanceSquare