French lawmakers have approved a proposal requiring self-custodied crypto asset holders to report holdings equal to or exceeding 100,000 euros ($112,000), with fines of up to 10,000 euros for non-compliance. Amendment I-CF821, adopted by the National Assembly Finance Committee, introduces this requirement into France’s general tax code. Crypto capital gains reached 3.5 billion euros in 2021, while only 400 million euros in crypto holdings were declared that year. The measure still needs to pass several legislative steps before becoming part of the 2027 budget bill.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
