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A provision requiring taxpayers to disclose information about the value and characteristics of their self-custodied cryptocurrency assets was removed in the final stages of discussions on the draft Anti-Fraud Law. Now the law will be adopted without this measure.
Key takeaways:
The National Assembly of France removed an article requiring users to report cryptocurrency wallets held in self-custody worth more than 5,000 euros.
Adan hailed this win, which protects users in France—a country that accounts for 40% of all wallet attacks in Europe.
Removing the disclosure rule for amounts over 5,000 euros will help prevent future attacks based on leaked tax data, notes Telegram’s CEO.