Just saw France is actually going through with a crypto tax in france situation - 1% annual tax on holdings over €2M and here's the kicker, it's on unrealized gains. Like you don't even need to sell, they're taxing what you theoretically have on paper. Parliament already approved it. That's pretty wild honestly.

Obviously people are freaking out about it. The whole point of hodling is you don't have to deal with constant tax events, but this crypto tax in france thing changes that game. A lot of investors are probably thinking about either offloading positions or just moving their stuff elsewhere before this actually takes effect. Can't blame them really.

Makes you wonder if other countries are watching this and thinking about doing something similar. France's crypto tax policy could set a precedent, or it could blow up in their face if people just leave. Either way, the crypto tax in france debate is definitely going to get messy. What do you think - is this actually enforceable or just going to push people to hide their holdings better?