France advances amendment requiring citizens to declare the exact market value of their self-custodied cryptocurrencies
According to ChainCatcher, citing Bitcoin News, France has advanced Amendment No. 1649 AC, which requires citizens to declare the exact market value of their self-custodied cryptocurrencies, even if no taxable transaction has occurred.
Critics warn that this measure constitutes an improper intrusion into private life and would create a dangerous "data honeypot" containing names, addresses, and precise crypto asset balances.
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