France is reportedly preparing a new wealth tax aimed at high-net-worth individuals, and for the first time, the law explicitly includes digital assets such as cryptocurrencies. The proposed tax, part of a broader fiscal reform, will apply to individuals with assets exceeding €2 million.
According to local media, the measure is designed to address what the government calls “unproductive wealth” — assets that do not directly contribute to economic growth. While only a small portion of the population will be affected, the inclusion of crypto in the taxable base signals that European governments now treat digital assets as legitimate stores of wealth, similar to real estate or stocks.
Analysts note that France’s approach could inspire other EU nations to update their tax codes to capture crypto gains more effectively. However, critics warn that unclear valuation mechanisms and inconsistent reporting standards could make enforcement difficult.
The move comes amid broader global debates over crypto taxation, with countries such as Japan and the United States also revising their frameworks.
