Deputy Charles de Courson from the LIOT group has filed an amendment to the 2027 finance bill requiring the declaration of crypto wallets exceeding 100,000 euros to French tax authorities. According to tax services data, only 400 million euros in cryptocurrencies were declared to the DGFiP in 2021, against an estimated real holding of 3.5 billion euros in France, representing barely 10% of actual holdings. The deputy defends his measure as a simple observation tool rather than taxation, but the proposal raises major concerns regarding data security in light of repeated breaches at the DGFiP.
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