On October 12, 2026, Justice Mark Turner of Britain's High Court ruled that Chinese law governs ownership claims over more than 61,000 bitcoin seized from convicted fraudster Zhimin Qian.

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Judge Alvin K. Hellerstein ruled under Federal Rule of Civil Procedure 60 that newly acquired knowledge of facts existing when the January 2025 consent order was entered does not constitute a significant change in factual circumstances

The CFTC filed a lawsuit in 2022 alleging Gemini Trust Company made false or misleading statements of material fact in 2017 regarding a Bitcoin futures contract relying on Gemini auction prices

France should tax cryptocurrency conversions into stablecoins

In February 2026, Chinese regulators issued a joint notice banning unauthorized issuance of yuan-pegged stablecoins and tightening controls on digital assets

Mainland China has maintained a ban on commercial cryptocurrency trading, fundraising, and mining services since at least 2021, while continuing to support underlying blockchain technology development

Binance co-founder Changpeng Zhao commented on social media asking whether Solana Foundation organizers were unaware of local Chinese policies following the postponement of the Solana Accelerate China 2026 event in Shanghai

A Reuters report indicated that a Democratic victory in either chamber of Congress would not prevent the Trump administration from easing cryptocurrency regulations

Republican incumbent Pete Ricketts voted in favor of the Digital Asset Market Clarity Act and the Guiding and Establishing National Innovation for US Stablecoins Act while in office

A Democratic-controlled Congress could lead to subpoenas, congressional hearings, and investigations regarding the Trump administration's connections to the cryptocurrency industry

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

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