French National Assembly passes amendment requiring declaration of self-custody crypto wallets worth up to €100,000
TechFlow reports that on November 4, according to disclosures from the French National Assembly, lawmakers passed an amendment to the 2027 Finance Bill on November 3, which would require the declaration of wallets directly held and not custodied by crypto-asset service providers.The amendment stipulates that crypto-assets in the relevant wallets must be declared if their value reaches or exceeds €100,000 as of December 31 of the reporting year; failure to declare may result in fines of up to €10,000. The bill is currently still at the first reading stage in the National Assembly.
TechFlow reports that on November 4, according to disclosures from the French National Assembly, lawmakers passed an amendment to the 2027 Finance Bill on November 3, which would require the declaration of wallets directly held and not custodied by crypto-asset service providers.
The amendment stipulates that crypto-assets in the relevant wallets must be declared if their value reaches or exceeds €100,000 as of December 31 of the reporting year; failure to declare may result in fines of up to €10,000. The bill is currently still at the first reading stage in the National Assembly.
