French Lawmakers Back Crypto Wallet Reporting Rule Above €100,000
Self-custody holders may need to report wallets worth over €100,000
France's National Assembly Finance Committee approved an amendment on Friday that would require people holding cryptocurrency in their own wallets (not through an exchange) to report any holdings valued at €100,000 or more to tax authorities. Those who fail to declare could face fines of up to €10,000.
The amendment, numbered I-CF821, was introduced by three lawmakers from the LIOT parliamentary group: Charles de Courson, Jean-Pierre Bataille, and Michel Castellani. It was one of five crypto-related amendments adopted by the committee that same week.
Key numbers and details
- Reporting threshold: holdings valued at €100,000 or more (approximately $112,000)
- Valuation date: December 31 of each year
- Penalty for non-compliance: up to €10,000 in fines
- Scope: covers crypto held outside of crypto-asset service providers, including personal wallets
What the proposal says about tax evasion
The sponsors argued the rule is needed to fight tax evasion. They pointed to a parliamentary inquiry into the taxation of wealthy individuals that found crypto capital gains totaled 3.5 billion euros in 2021, yet only about 400 million euros in crypto holdings were actually declared to tax authorities that year.
The amendment faces obstacles in parliament
Although the Finance Committee voted to adopt the crypto amendments on Friday, it then rejected the broader revenue section of France's 2027 budget bill by 31 votes to 3. According to French tech publication Clubic, the crypto amendments would need to be resubmitted and approved during the full parliamentary debate before they can become law.
Lawmakers are scheduled to begin debating the revenue section in the National Assembly on Tuesday, starting from the government's original draft.
Other crypto tax changes also on the table
Alongside the wallet disclosure rule, the Finance Committee adopted two other crypto-related proposals. One would impose an exit tax on cryptocurrency holdings exceeding €800,000 when taxpayers move to another country. The other would end tax deferrals on conversions into fiat-backed stablecoins (digital tokens designed to hold a stable value, typically pegged to a currency like the euro or dollar).
What is confirmed
The Finance Committee formally adopted amendment I-CF821 on Friday, October 9, 2026. The sponsors' justification based on the parliamentary inquiry figures is part of the official record. The rejection of the broader budget revenue section by 31 to 3 votes is also confirmed.
What is still unclear
The amendment has not yet been approved by the full National Assembly. It is not yet law. Whether it will survive the parliamentary debate that begins Tuesday is unknown. The exact implementation timeline and administrative details are also not specified in the available sources.
Why this matters for crypto holders
For French residents who hold crypto in personal wallets rather than on exchanges, this proposal would introduce a new annual reporting obligation. The threshold of €100,000 is relatively high compared to many people's portfolios, but it would still affect a meaningful number of long-term holders. The proposed penalty of up to €10,000 would apply to anyone who holds above the threshold and fails to report.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.