France's Proposed Wealth Tax: Implications for Crypto and Web3 Innovation
France's Proposed Wealth Tax: Implications for Crypto and Web3 Innovation
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France is proposing a new wealth tax that categorizes crypto assets as 'unproductive.' While primarily targeting the ultra-rich and not impacting most investors, the initiative has sparked debate over its potential to hinder innovation in France's burgeoning Web3 ecosystem.
France’s proposed wealth tax adds crypto to its “unproductive” asset list but targets only the ultra-rich. While most investors are unaffected, the move has stirred debate over whether France is discouraging innovation in its growing Web3 ecosystem.