France backs reporting for self-custodied crypto worth 100K euros or more
Summary
France is supporting a legislative amendment that would mandate tax reporting for self-custodied cryptocurrency holdings valued at 100,000 euros or higher. However, this regulatory measure must still successfully pass through the broader national budget process before becoming law.
The amendment would require taxpayers to report holdings worth at least $112,000, but the measure still needs to survive the budget process.
Source: Read the full story at Cointelegraph.com News
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