Cryptoupdated 2h ago2 min read
Archive photo · 4 April 2026France National Assembly Passes €100,000 Self-Custodied Crypto Reporting Amendment
4 Western Alternative2 OtherPhoto: Diego Delso, CC BY-SA 4.0 · Cropped for layout
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Amendment I-2701 requires reporting self-custodied crypto holdings worth €100,000 or more. National Assembly passed the measure 150 votes to 44 with eight abstentions.
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€100K self-custody disclosure
France’s National Assembly adopted Amendment I-2701 to require taxpayers to report self-custodied cryptocurrency once holdings reach €100,000, with the threshold measured against holdings as of December 31 of the relevant tax year. The amendment passed by 150 to 44, with eight abstentions, and it was attached to the 2027 Finance Bill that remains under debate.
The measure would extend article 1649 bis C of France’s tax code to cover wallets not held with a crypto service provider, including hardware devices such as Ledger and Trezor. The reporting obligation would apply to self-custodied crypto holdings valued at €100,000 or more, and failing to declare could bring a fine of up to €10,000.
Deadlines and budget risk
The National Assembly faces a November 17 deadline to finish its first reading of the 2027 Finance Bill, and the Senate is scheduled to open deliberations on November 20. Lawmakers postponed a scheduled vote on the revenue section of the budget for a second time, pushing back a decision originally set for October 20 as they continued to work through amendments.
Faustine Fleuret, global head of public affairs at the lending protocol Morpho, warned that a likely rejection of the revenue section could bring down the entire finance bill in the National Assembly. Cointelegraph also tied the outcome to the budget process, saying the “likely rejection” of the budget’s revenue section could “result in the rejection of the entire bill in the National Assembly, including provisions adopted by way of amendments,” including the crypto provisions adopted through amendments.
Other crypto tax votes
In the same session, lawmakers turned back a proposal that would have exempted gains on cryptocurrency used to pay for goods and services from taxation if payments stayed at or below €1,000 in a tax year. The Assembly rejected that payment-exemption amendment by 69 to 14, according to the Assembly transcript, and the reporting requirement still depended on the measure surviving the 2027 Finance Bill process.
Lawmakers also rejected two proposals last week that would have imposed exit taxes on unrealized crypto gains when taxpayers move their tax residence abroad. On October 16, the Assembly approved an amendment to tax gains realized when cryptocurrencies are converted into stablecoins classified as electronic money tokens under European Union rules.
