Illinois' draft rules exclude nonfungible tokens from the digital asset transaction tax because the underlying state definition excludes digital representations with value or utility beyond existing as digital assets

Overview Debates Related claims Topics Sources

France should tax cryptocurrency conversions into stablecoins

Individuals who fail to declare self-custodied crypto holdings under Amendment I-CF821 face fines of up to €10,000 ($11,000)

Sponsors of Amendment I-CF821 introduced the disclosure measure to combat tax evasion and address unrecorded cryptocurrency capital gains

On October 9, 2026, the French National Assembly's Finance Committee adopted Amendment I-CF821, requiring individuals to declare self-custodied crypto wallets valued at or above €100,000 ($112,000) annually as of December 31

Regulated crypto service providers in France already face tax reporting obligations, whereas self-custodied wallets previously remained unmonitored

The French Finance Committee voted to treat conversions from cryptocurrency into fiat-backed stablecoins as taxable sales beginning January 2027

Nym CEO Harry Halpin criticized the crypto wallet disclosure rule in Amendment I-CF821, citing a case where a French tax agent allegedly sold crypto holders' tax data to criminals

The French Finance Committee approved expanding France's exit tax to cryptocurrency holdings exceeding €800,000 when taxpayers move abroad

Amendment I-CF821 was sponsored by LIOT parliamentary group deputies Charles de Courson, Jean-Pierre Bataille, and Michel Castellani

To become law, the rejected crypto amendments, including Amendment I-CF821, must be re-submitted and approved during full National Assembly floor debate

French lawmakers set the higher €100,000 crypto disclosure threshold to address security concerns stemming from recent targeted attacks against cryptocurrency holders in France, including the kidnapping of Ledger co-founder David Balland

A French parliamentary inquiry found that crypto capital gains reached €3.5 billion in 2021, while only €400 million was declared to tax authorities

French lawmakers rejected an earlier crypto wallet disclosure proposal preceding Amendment I-CF821 in April 2026 that set a declaration threshold of €5,000

Following Blur's October 12, 2026 shutdown announcement, the BLUR token dropped over 20% to approximately $0.015, bringing market capitalization to about $44 million, after trading above $5 per token in early 2023

Blur faced industry criticism for its token-reward business model, which critics stated encouraged airdrop farming and suspected wash trading

Blur's monthly NFT trading volume fell from a peak of approximately $1.43 billion in March 2023 to less than $7 million in March 2026

Abstract, an Ethereum Layer 2 network linked to Pudgy Penguins, announced its shutdown on October 6, 2026

On October 12, 2026, NFT trading platform Blur announced on X that it will shut down its website frontend service in November 2026, while its on-chain marketplace protocol will remain operational with BLUR token holders controlling fee settings

Blur's low creator-royalty policy faced backlash for reducing revenue for NFT issuers, including Bored Ape Yacht Club creator Yuga Labs

The French National Assembly Finance Committee approved an amendment filed by Deputy Nicolas Sansu to treat swaps of cryptocurrency into MiCA-regulated stablecoins as taxable sales starting January 1, 2027