
France proposes €10,000 fines for undeclared self-custody crypto holdings
- —Declaration threshold set at €100,000 in self-custody crypto, valued as of December 31 each year
- —Failure to declare could trigger penalties of up to €10,000
- —Amendment I-CF1826 would make crypto-to-stablecoin conversions taxable from January 1, 2027
- —Amendment I-CF1822 introduces an exit tax on crypto holdings above €800,000 when taxpayers move abroad
Why it matters: France could become the first EU state to force self-custody holders to report assets, tightening pressure on privacy and personal wallets.
Source: crypto.news