France backs reporting rule for self-custodied crypto over 100K euros
In short
France backed a rule that would make taxpayers report self-custodied crypto holdings worth 100,000 euros or more. A publisher summary says that is about $112,000, but the change still has to get through the budget process.
This could affect people who hold crypto on their own wallets or accounts. It is not yet clear if the rule will become law or when it would start.
What the reporting says
France backed a reporting rule for self-custodied crypto holdings worth 100,000 euros or more, according to a publisher summary of an amendment. The reported threshold is about $112,000, but the measure still needs to pass the budget process. The immediate impact is unclear because the available reporting does not say when it would take effect or whether it will survive final approval.
Why it matters
France backed a reporting requirement for self-custodied crypto holdings worth at least 100,000 euros, based on a publisher summary of an amendment. The source says the threshold is about $112,000. The measure is not final and still needs to survive the budget process, so the effect on taxpayers and crypto holders remains uncertain.