🇨🇵🚨 FRANCE READY TO TAX LARGE "INACTIVE" CRYPTO CAPITALS 🚨🇨🇵
The French Parliament has approved a measure that could redefine the tax treatment of cryptocurrencies in the country.
The proposal introduces an annual tax of 1% for holders of large amounts of digital assets considered "unproductive wealth". In particular, the tax would apply to wallets with cryptocurrencies worth over 2 million euros that are not being utilized through staking, lending, or other active investment activities.
The government's goal is to target so-called inactive wealth, encouraging large crypto investors to reinvest or move their assets instead of keeping them idle.
The measure arises in the context of a broader debate in Europe about the role of cryptocurrencies in the economic system and the need for rules that ensure tax equity compared to traditional assets.
However, the proposal has raised criticisms within the crypto community and among some tax experts, who fear it may push capital toward more favorable jurisdictions.
If approved definitively, France would become one of the first European countries to introduce a specific tax on "non-productive" cryptocurrencies, setting a significant precedent for the European Union.
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