The French Senate is debating replacing the real estate wealth tax with an "unproductive wealth tax" targeting dormant assets (unused real estate, luxury goods, crypto) đ«đ·
If the proposed amendment becomes law, it will create an unrealized gains tax that will be a large financial burden for crypto holders đ€Ź
TLDR: The French Senate may create a tax that will force BTC holders to pay taxes annually even if they don't sell đ€š
Socialist madness that will simply force people to never declare their holdings or move out of France
đ° Russian President Vladimir Putin says Bitcoin and digital assets will continue to develop.
Recently he signed a law that declared Bitcoin and other cryptocurrencies as a legal property in Russia đ