In brief
- France’s National Assembly passed Amendment No. I-3379 by a narrow 163-150 vote, adding crypto to a new “unproductive wealth” tax.
- The measure imposes a flat 1% annual tax on net wealth exceeding $2.2 million.
- Experts warn the bill lacks distinctions between passive investors and ecosystem builders, potentially penalizing founders whose tokens represent long-term project alignment.
France’s National Assembly has adopted a controversial wealth tax amendment that, for the first time, explicitly targets cryptocurrency holdings, triggering criticism from industry experts who warn the measure could penalize innovation and drive talent abroad.
Amendment No. I-3379 to France’s 2026 Finance Bill, passed by a narrow 163-150 vote last…
Nov 05 2025
