France's National Assembly passes amendment proposing to require declaration of self-hosted crypto wallets worth €100,000 or more

France’s National Assembly on November 3 passed an amendment to the 2027 finance bill that would require taxpayers to declare self-custodied crypto wallets not held with a crypto asset service provider. Under the measure, wallets whose crypto assets are valued at €100,000 or more as of December 31 of the reporting year would need to be disclosed, with penalties of up to €10,000 for failure to file. The amendment is still at the first-reading stage in the National Assembly, so it is not yet final law. The move matters because it extends French reporting obligations beyond custodial platforms to directly held tokens, potentially pulling more self-custody users into the tax net. What to watch next is whether the provision survives the remaining legislative stages and how the €100,000 threshold and year-end valuation rule are implemented.