‘Leave’: Crypto Backlash Over French Proposal to Report Wallets Over $112K

Lawmakers in France have advanced a proposal that will require crypto holders to report holdings equal to or above €100,000 ($112,000). Otherwise, individuals will face fines up to €10,000 ($11,000). Some crypto holders are in an uproar over the potential new rule, claiming that it threatens personal security. It comes after several high-profile, in-person crypto robberies have taken place in France. "This is a terrible idea as corrupt employees in the French tax authority have has already shown themselves to a danger to their own citizens," Harry Halpin, CEO of privacy infrastructure Nym, told Decrypt , referencing a recent case…

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