Regulation
Neutral
France Proposes €10,000 Fines for Undeclared Self-Custody Crypto Holdings Over €100,000
Image: Crypto.newsFrench National Assembly Finance Committee approved amendment I-CF821 during its 2027 budget review. The proposal requires annual declaration of self-custody crypto holdings valued at €100,000 or more as of December 31 each year. Non-compliance would carry fines up to €10,000. The measure targets assets held outside regulated crypto service providers in personal wallets. A 2021 parliamentary inquiry found €3.5 billion in crypto capital gains were declared against only €400 million in reported holdings.
Key points
- France's Finance Committee approved amendment I-CF821 as part of 2027 budget review
- The proposal requires annual declaration of self-custody crypto holdings valued at €100,000 or more
- Non-compliance with the proposed rule would result in fines of up to €10,000
Why it matters
The proposal would expand tax reporting obligations for crypto holders in France, aligning with existing EU DAC8 rules for crypto service providers. It targets a documented gap between reported crypto gains and declared holdings identified in a 2021 parliamentary inquiry.
What's unclear
Whether the full French National Assembly will vote to adopt amendment I-CF821
The effective date of the proposed reporting requirement if the amendment passes
Sources · 2 publishers
CoinGape
Tier 2
France Targets Unreported Self-Custody Crypto Holdings Over €100K With Proposed €10K Fines
Coverage timeline
- First reported by Crypto.news
- Confirmed by CoinGape
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
