EL7.AI
CryptoMedium•4 November 2026•
1 min read

French MPs Vote for €100K Self-Custody Crypto Wallet Reporting

Key Facts

1France's National Assembly voted 150-44 in favor of an amendment requiring residents to report self-custodied crypto wallets valued at €100,000 or more.
2The measure includes hardware devices like Ledger and Trezor, with values assessed on December 31 each year.
3Failure to comply with the new reporting requirements could result in fines of up to €10,000.

France's National Assembly voted 150-44 in favor of an amendment requiring residents to report self-custodied crypto wallets valued at €100,000 or more. Bitbo reported that the measure includes hardware devices such as Ledger and Trezor, with asset values assessed on December 31 each year. Failure to comply with these new reporting requirements could result in financial fines of up to €10,000.

The legislative move extends the French tax code to cover digital assets held in private wallets, aiming to improve tax transparency and anti-money laundering efforts. This decision follows economic data showing France's annual inflation rate reached 3.4% on October 30, 2026, while the GDP growth rate contracted by 0.1% on the same date. Lawmakers intend for the amendment to bridge the gap between realized crypto gains and the holdings currently declared to tax authorities.