France: MP proposes mandatory declaration of crypto holdings above €100,000
- —Amendment adopted in committee as part of France's 2027 budget bill
- —Declaration threshold set at €100,000, assessed across all wallets combined
- —Only €400 million declared in 2021 versus an estimated €3.5 billion held
- —De Courson floated a €50,000 threshold but considers €100,000 acceptable
Why it matters: A centralized registry of large crypto holders raises data-leak and targeting risks, and could push French holders to relocate assets abroad.
Source: Cryptoast