France backs reporting for self-custodied crypto worth 100K euros or more

What happened

France’s National Assembly approved an amendment proposing that taxpayers report self-custodied crypto holdings worth at least 100,000 euros to tax authorities. The threshold would be measured on Dec. 31 of the relevant tax year, but the requirement is not yet final and must remain in the 2027 Finance Bill to become law.

Proposed

Global impact / market context

If enacted, the rule would add a reporting duty for taxpayers holding substantial crypto outside custodial services. That could increase recordkeeping and compliance costs for individuals and advisers, while giving tax authorities more information about these holdings; approval is not yet final.

Analyst inference

The amendment passed amid continuing debate on the 2027 Finance Bill, whose revenue section had not yet received a scheduled vote. The Assembly must complete its first reading by Nov. 17, and Senate debate is scheduled to begin Nov. 20, so the measure remains subject to further legislative steps.

Confirmed

What to watch

1. Watch whether the reporting amendment remains in the final 2027 Finance Bill; it becomes law only if retained and the legislation receives final budget approval. Analyst inference
2. Track the Assembly’s first-reading process before its Nov. 17 deadline and the Senate debate scheduled to begin Nov. 20, where the bill’s provisions may change. Confirmed
3. Watch the Assembly’s pending vote on the budget’s revenue section; the article says likely rejection could lead to rejection of the entire bill there. Confirmed

Evidence

• cointelegraph.com