French National Assembly passes amendment proposing mandatory reporting of self-custody crypto wallets reaching €100,000

TechFlow news: On November 4, according to disclosures by the French National Assembly, lawmakers passed an amendment to the 2027 Finance Bill on November 3 proposing to require reporting of wallets held directly and not held in custody by crypto-asset service providers.

The amendment stipulates that the value of crypto assets in relevant wallets, measured as of December 31 of the reporting year, must be reported when it reaches or exceeds €100,000; failure to report may incur fines of up to €10,000. The bill is currently still at the first reading stage in the National Assembly.

Source: TechFlow