Original sourceSpazioCrypto
Summary
France's Finance Committee advanced amendment I-CF821 in the 2027 draft budget, requiring residents holding self-custodied crypto assets worth more than €100,000 to declare them by December 31 each year, with penalties of up to €10,000 for violations. The measure is not yet law; the related revenue…
Key points
- If self-custody declaration passes, it will directly affect tax and privacy arrangements for non-custodial wallet users and is worth understanding in advance.
- Extending the regulatory lens to self-custodied wallets shows tax transparency requirements are moving from exchanges to individuals' on-chain assets.
- French residents holding above the threshold may need to declare annually and face data concentration and privacy risks, but the draft still faces the legislative process.
Editorial note
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