France drops €100,000 self-custody crypto reporting rule from 2027 budget

France has removed a proposed requirement that self-custody crypto holders report wallets valued above €100,000 from its 2027 budget, easing compliance burdens on individual investors. The rule would have added annual disclosure obligations for hardware-wallet and non-custodial users, drawing pushback over privacy and practicality. The reversal signals that French policymakers are recalibrating oversight of decentralized holdings while broader EU-wide MiCA reporting standards take effect. It matters because self-custody reporting has been a flashpoint across jurisdictions weighing tax transparency against privacy. Watch whether France reintroduces a threshold-based version in future budgets and whether other EU member states adopt similar carve-outs.