🌻FRANCE: the adoption of an amendment on crypto wallets triggers misunderstanding of...
Not bad, right? The National Assembly recently adopted a tax amendment in committee that is causing a major debate in the cryptocurrency ecosystem. Driven by a desire to improve the fight against tax fraud and extend the visibility of the administration beyond centralized platforms, this measure introduces an annual reporting obligation for holders of self-hosted digital wallets (or self-custody). While the goal is to align tax regulation with the emerging practices of Web3, many criticisms target the unprecedented nature of the wealth surveillance being established and the security issues related to data centralization.