France Lawmakers Back $112K Crypto Wallet Disclosure Proposal

France proposes €10,000 fines for undeclared self custody crypto holdings

French lawmakers have approved a proposal requiring individuals holding at least €100,000 ($112,000) in self custody cryptocurrencies to declare their assets to tax authorities or risk fines of up to €10,000. According to amendment I-CF821, adopted by the French National…

France Lawmakers Back $112K Crypto Wallet Disclosure Proposal

French lawmakers backed a proposal requiring holders to declare self-custodied crypto worth at least 100,000 euros, though the measure still needs to pass legislative hurdles.

France Moves Ahead With Mandatory Crypto Wallet Reporting for €100K+

French lawmakers have moved to tighten oversight of self-custodied cryptocurrency holdings, backing an amendment that would force individuals to report crypto assets worth at least 100,000 euros or risk penalties. The proposal—numbered I-CF821—was adopted by the National Assembly’s Finance Committee on Friday. It targets crypto held outside regulated crypto-asset service providers, including assets stored in [...]

France Lawmakers Back $112,000 Crypto Wallet Disclosure Proposal

The measure would require reporting of self-custodied crypto holdings and impose fines for failing to declare qualifying assets.

French lawmakers back reporting rule for crypto wallets over $112K

Holders could face fines of up to 10,000 euros for failing to declare qualifying assets.