TechFlow, December 12 — According to Bitcoin News, France is advancing amendment 1649AC, which requires citizens to disclose the exact market value of self-hosted cryptocurrency holdings, even if no taxable transaction has occurred.
The amendment mandates that French citizens report precise balance and market value information from their self-hosted cryptocurrency wallets to the government. Critics warn that this measure constitutes an improper intrusion into private life, creating a dangerous database containing names, addresses, and exact cryptocurrency balances that could become targets for hackers.
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