Why France’s New Wealth Tax Won’t Necessarily Target Your Crypto — Yet

France's National Assembly narrowly approved an amendment to include cryptocurrency in a revamped wealth tax, classifying digital assets as "unproductive wealth." This reform replaces the existing real estate wealth tax with a broader levy targeting economically inactive assets, also encompassing luxury goods like yachts and art. Crucially, the taxable threshold is being raised from €1.3 million to €2 million, with a flat 1% rate applied to net assets exceeding this amount. Consequently, the measure is designed to target only the ultra-wealthy, leaving ordinary crypto holders unaffected for now. Despite the high threshold, the inclusion of crypto has unsettled the industry, which fears it undermines France's position as a Web3 hub and may deter innovation, especially compared to more crypto-friendly jurisdictions.

(Source：BeInCrypto)