digital finance

The French Finance Committee has voted to extend the country's exit tax to cover cryptocurrency holdings above €800,000. The measure would apply the capital flight tax, traditionally aimed at people leaving France with significant assets, to digital asset portfolios. The vote marks a step toward bringing crypto wealth under the same tax regime as other major holdings, with the proposal now advancing through the legislative process.

France is weighing a proposal to tax cryptocurrency holders on their holdings before any assets are sold, according to Yahoo Finance reporting. If adopted, the measure would mark a shift from taxing realized gains to taxing unrealized crypto wealth, putting France among the more aggressive regulators of digital assets and raising questions about how holdings would be valued.

The European Union has approved 46 projects under its Critical Raw Materials Act, spread across 16 member states, to boost domestic extraction, processing and recycling of minerals deemed strategic for the green and digital transitions. The selections aim to reduce EU dependence on foreign suppliers, particularly China, for materials like lithium, cobalt and rare earths. Analysts are watching how quickly the projects can be financed and permitted, as Europe's industries face supply bottlenecks.