The French National Assembly’s Finance Committee has backed a proposal requiring holders to declare self-custodied crypto worth at least €100,000. Amendment I-CF821, adopted October 9 during work on the 2027 budget, targets assets held outside crypto-asset service providers.
Under the amendment, qualifying holdings would be valued on December 31 of the reporting year. The text also adds a penalty mechanism, with its explanatory note stating that failure to declare could attract sanctions of up to €10,000.
The proposal was introduced by Charles de Courson, Jean-Pierre Bataille and Michel Castellani of the LIOT parliamentary group. Its sponsors describe the measure as a tool against tax evasion, citing a parliamentary inquiry into wealthy taxpayers. It concerns disclosure of holdings, rather than a new tax rate on profits.
Committee approval does not make the measure law. Lawmakers subsequently rejected the budget’s revenue section by 31 votes to three on October 9. Debate in the full National Assembly is scheduled to begin October 13 from the government’s original draft, meaning the crypto provisions need to be submitted again and approved.
The proposal would expand reporting to assets held directly by their owners. CoinScreamer previously covered Spain’s reporting rules for crypto service providers under DAC8. France’s amendment focuses on self-custodied holdings, extending disclosure beyond assets entrusted to an intermediary if it becomes law.
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