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 personal wallets, and would insert new reporting obligations into France’s general tax code.

Key takeaways

• The amendment would require taxpayers to disclose self-custodied crypto holdings equal to or above 100,000 euros.
• Reporting would be based on the value of holdings as of December 31.
• Non-compliance could trigger fines up to…