Regulation
Neutral
French lawmakers advance high value crypto wallet disclosure proposal
Image: CointelegraphFrance's National Assembly Finance Committee adopted Amendment I-CF821 on October 9, 2026. The amendment would require holders of self-custodied crypto assets worth €100,000 or more to declare their holdings annually as of December 31. Non-compliant holders could face fines of up to €10,000. The measure targets unreported crypto capital gains, which a parliamentary inquiry found reached €3.5 billion in 2021.
Key points
- France's National Assembly Finance Committee adopted crypto wallet disclosure Amendment I-CF821
- The rule applies to self-custodied crypto holdings valued at €100,000 or more
- Holders who fail to declare qualifying assets face fines of up to €10,000
- A 2021 parliamentary inquiry found €3.5 billion in crypto capital gains were undeclared
Why it matters
The rule creates a new annual reporting obligation for French holders of high-value self-custodied crypto assets. It aims to reduce undeclared crypto capital gains that tax authorities have previously struggled to track.
What's unclear
Whether the amendment will be approved during full parliamentary proceedings to become law
Whether the €100,000 self-custodied wallet reporting threshold will be adjusted during floor debate
Sources · 2 publishers
Crypto Briefing
Tier 2
French lawmakers advance proposal for €100K crypto wallet disclosure
Coverage timeline
- First reported by Cointelegraph
- Confirmed by Crypto Briefing
- 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
