France Proposes Mandatory Reporting for Self-Custodied Crypto Holdings Above €100,000
Source Summary
France has backed an amendment requiring taxpayers to report self-custodied cryptocurrency holdings worth at least €100,000 (approximately $112,000). The measure must still pass through the budget process before becoming law. The reporting requirement aims to increase transparency in crypto asset ownership for tax purposes.
Why it matters
The proposal would establish a significant new compliance obligation for French crypto holders and represents a major step toward regulatory oversight of self-custodied digital assets in a major European economy.
What remains uncertain
The amendment's final status remains uncertain as it must still navigate the French budget process.
