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France Proposes Amendment 1649AC to Require Disclosure of Self-Custodied Crypto Assets

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France is pushing Amendment 1649AC, which would require citizens to report the full market value of self-custodied crypto assets, regardless of trading activity. The proposal affects altcoins to watch, as it mandates disclosure of wallet balances and values to authorities. Privacy advocates argue the rule could expose sensitive data, creating a risk in the crypto market. The measure remains controversial ahead of final legislative review.
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