French lawmakers back reporting rule for crypto wallets over $112K
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France's National Assembly Finance Committee adopted an amendment requiring holders of self-custodied crypto assets worth at least 100,000 euros ($112,000) to report them annually as of Dec. 31 or face fines up to 10,000 euros. Sponsored by LIOT group members Charles de Courson, Jean-Pierre Bataille, and Michel Castellani, the measure aims to combat tax evasion following a parliamentary inquiry showing low compliance relative to 3.5 billion euros in 2021 capital gains.
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