France proposes reporting requirement for self-custody wallets above €100,000

The French National Assembly’s Finance Committee adopted on Friday amendment I-CF821 , which would introduce a reporting requirement for cryptoassets not held with a service provider, including those stored in personal wallets. The text would add a provision to the French General Tax Code. Holders would have to declare assets that, as of 31 December , reach or exceed €100,000 . Failure to declare could result in a penalty of up to €10,000 . The amendment was introduced by MPs Charles de Courson , Jean-Pierre Bataille and Michel Castellani , members of the LIOT parliamentary group.