🚨 France Just Drew A Line In The Sand On Self-Custody Crypto
BTC
80,277
-0.75%
France pushes a rule to declare self-custody $BTC wallets over €5,000. MetaMask, Ledger, Phantom - basically anything that isn’t a centralized exchange suddenly under the microscope.
And the weird part? Even regulators sound unsure. Lawmakers argue, tax authorities warn about hacked databases, and someone literally says it’s like trying to check if you own a piano at home. Meanwhile the law still passes. Classic.
People think “it won’t be enforceable,” and maybe they’re right. But markets don’t wait for perfect enforcement - they react to direction.
Is this another paper tiger moment that gets buried in bureaucracy?