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French lawmakers back reporting rule for crypto wallets over $112K
· By MyCryptoSignal Editorial · 84 words
Cointelegraph reports that French lawmakers have approved a rule requiring holders of crypto wallets with over $112,000 in assets to report them, with non-compliance potentially resulting in fines. This development implies that individuals with significant crypto holdings in France will need to declare their assets to avoid penalties, such as fines of up to 10,000 euros. The new rule may impact the way crypto assets are managed and declared in France, affecting market transparency.
Read the full story at Cointelegraph: https://cointelegraph.com/news/french-lawmakers-back-reporting-rule-for-crypto-wallets-over-112k
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Source: Cointelegraph — see our editorial policy.
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