In brief
- French lawmakers have pushed a proposal that will require crypto holders to report holdings equal to or above €100,000 ($112,000), or otherwise face a penalty.
- Some crypto holders have spoken out about the planned rule, claiming that it threatens security.
- It comes after several crypto-related “wrench attacks,” robberies, and kidnappings have taken place in France in recent years.
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,…
