France: Finance Committee Approves Mandatory Declaration of Crypto Wallets Above €100,000
- —Amendment I-CF 821 was tabled by MP Charles de Courson after Article 32 of the budget bill
- —Self-custody wallets above €100,000 must be declared, with fines of up to €10,000 for non-compliance
- —Crypto gains reached €3.5 billion in 2021, while only €400 million in held assets were declared
- —Amendments to exempt small purchases under €1,000 and allow 10-year loss carryforward were rejected
Why it matters: A central registry of large wallet holders raises data-leak and physical-security risks for crypto owners, a concern already voiced in France.
Source: Cryptoast