French lawmakers on the National Assembly’s Finance Committee voted to require holders of self-custodied crypto worth 100,000 euros or more to declare it, risking fines up to 10,000 euros.

Key Points:

• A French parliamentary panel backed mandatory tax reporting for crypto wallets held outside licensed providers.
• Holders who fail to declare qualifying assets could face fines of up to 10,000 euros.
• The measure needs a fresh vote after the panel rejected the budget’s entire revenue section.

Crypto Wallet Declaration

The committee adopted amendment I-CF821 on Friday, Oct. 9, adding a reporting duty to France’s general tax code for crypto kept outside licensed service providers, including coins stored in personal wallets. Holders would…