Regulation· ★★★· bearish·

France: committee backs mandatory declaration of crypto wallets above €100K

  • —Amendment I-CF 821 targets only self-custodied wallets above €100,000
  • —Non-declaration could trigger fines of up to €10,000
  • —In 2021 France saw €3.5B in crypto gains but only €400M in declared assets
  • —An earlier proposal for a €5,000 threshold was dropped in a joint committee
Why it matters: A registry linking identities to large crypto holdings raises privacy and security concerns for holders.
Source: CryptoActu
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