France backs reporting for self-custodied crypto worth 100K euros or more
The amendment would require taxpayers to report holdings worth at least $112,000, but the measure still needs to survive the budget process.
The amendment would require taxpayers to report holdings worth at least $112,000, but the measure still needs to survive the budget process.
The French National Assembly approved an amendment that would require taxpayers to report self-custodied crypto holdings totaling at least 100,000 euros ($112,000) to tax authorities.
Amendment I-2701 was adopted on Tuesday in a 150–44 vote, with eight abstentions, according to the Assembly’s official voting record. The threshold would be assessed on Dec. 31 of the relevant tax year.
The reporting requirement forms part of the 2027 Finance Bill and would need to be retained in the final legislation to become law. The Assembly faces a Nov. 17 deadline to complete its first reading of the bill. Senate debate is scheduled to begin Nov. 20, according to its schedule.