The 🇫🇷 French Senate has approved the 2025 budget, which includes an “unproductive wealth” tax targeting assets like Bitcoin.

The tax would apply annually to unrealized gains on cryptocurrencies.

The proposal now awaits a vote in the National Assembly.

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Will there be a rebate for unrealized losses?

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Are the French really that stupid?

If you let them know you have it, you deserve to be taxed on it. KYCnot.me

BTC NGU is now a direct means to fund the French state. Sooo cypherpunk... /s

There are always unseen at first consequences to our (in)actions.

#Monero for true cypherpunks. Even for the most diehard Bitcoin maxis this should become obvious soon.

Combined (tax on unrealised gains) with AML rules that would prohibit transferring any meaningful amount from an exchange to a bank in order to pay the tax is inhumane and if implemented will destroy lives. #BTC #Bitcoin #Freedom