France Approves €100,000 Self-Custodied Crypto Wallet…
By Karthik Subramanian
AI summary of the source article
France's National Assembly approved an amendment to the proposed 2027 Finance Bill requiring taxpayers to declare self-custodied cryptocurrency holdings worth €100,000 or more. The measure is not yet law and must complete the legislative budget process.
Why it matters
Supporters argued that the measure would "help authorities identify undeclared cryptocurrency wealth and reduce opportunities for tax evasion," and if enacted, it "would create additional compliance responsibilities for individuals and businesses maintaining substantial digital asset balances outside regulated platforms."
Key facts
- Lawmakers adopted amendment I-2701 by a 150 to 44 vote to mandate annual reporting for privately held crypto wallets valued at €100,000 or more.
- Non-compliance with the proposed declaration rule could result in fines of up to €10,000.
- The reporting threshold is calculated using the total value of qualifying assets on December 31 of the reporting year.
Source excerpt · FinanceFeeds
France's National Assembly has approved an amendment requiring taxpayers to declare self-custodied cryptocurrency holdings worth €100,000 or more, advancing efforts to strengthen oversight of digital assets held outside centralized exchanges. Lawmakers adopted amendment I-2701 on November 3, 2026, by 150 votes to 44, with eight abstentions. The measure forms part of France's proposed 2027 Finance…