France moves to tax crypto as ‘unproductive wealth’
Critics warn that France’s revised wealth tax may drive crypto investors to sell off holdings, labelling the policy an ideological mistake.
French lawmakers approved a proposal to expand the wealth tax to cover ‘unproductive assets’ like luxury goods, property, and digital currencies. The amendment by centrist MP Jean-Paul Matteï narrowly passed the National Assembly, 163 to 150, with support from socialist and far-right members.
The proposal will now move to the Senate for further debate as part of the 2026 national budget process.
Under the plan, individuals holding ‘unproductive wealth’ valued above €2 million would face a new 1% flat tax. The measure replaces the existing…
