PANews December 12 News, according to Bitcoin News, France has advanced Amendment 1649AC, which requires citizens to report the exact market value of their self-custodied cryptocurrencies, even if no taxable transaction has occurred. Critics warn that this measure is an inappropriate invasion of privacy and could create a dangerous “data honey pot” containing names, addresses, and precise cryptocurrency balances.
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France advances amendment requiring citizens to declare the exact market value of their self-custodied cryptocurrencies
PANews December 12 News, according to Bitcoin News, France has advanced Amendment 1649AC, which requires citizens to report the exact market value of their self-custodied cryptocurrencies, even if no taxable transaction has occurred. Critics warn that this measure is an inappropriate invasion of privacy and could create a dangerous “data honey pot” containing names, addresses, and precise cryptocurrency balances.