French Crypto Reporting Proposal Draws Backlash Over Security Concerns
A French proposal to require disclosure of crypto holdings above €100,000 has sparked criticism amid concerns about physical attacks on owners.
A proposal in France would require cryptocurrency owners to report holdings exceeding €100,000, roughly $112,000, according to Decrypt.
The proposed reporting threshold has drawn a backlash from parts of the crypto community, with some critics urging holders to leave France.
The debate comes after a wave of so-called wrench attacks in the country, where perpetrators use physical threats or violence to gain access to cryptocurrency. That backdrop has heightened concerns about reporting substantial holdings.
Source: Decrypt
