French Parliament Proposes Mandatory Crypto Asset Reporting for Holdings Over €100,000
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The French National Assembly’s Finance Committee passed amendment I‑CF821, which would require holders of cryptocurrency wallets to report any asset value exceeding €100,000 at year‑end, or face a fine of up to €10,000. The proposal follows a spate of high‑profile crypto‑related “boxing‑attacks” and kidnapping incidents in France, prompting lawmakers to seek greater transparency. Privacy‑infrastructure firm Nym’s CEO, Harry Halpin, has warned that the rule could endanger personal safety, arguing that it forces users to disclose sensitive information that could be exploited by criminals. He recommends using shielded coins such as Zcash and private VPNs to mitigate risk. The amendment has not yet become law and remains subject to full parliamentary debate.
Written with AI from the reporting · updated 10/14/2026
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- 1Unclassified fact stationOct 15, 00:05single sourcereport-time onlyrevised
法国议员提议强制加密货币持有者报告超10万欧元资产
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- Oct 15, 00:05
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- DecryptRelated fact: single sourceFact occurrence time unverifiedSource report revisedFrench Lawmakers Propose Reporting Requirement for Crypto Holdings Over €100,000
Report first recorded Oct 15, 00:05
The French National Assembly's Finance Committee adopted amendment I-CF821, which would require crypto holders in self-custody wallets to report holdings valued at or above €100,000 ($112,000) at the end of the calendar year, facing fines up to €10,000 otherwise. This proposal, aimed at combating crypto fraud, comes amid several high-profile crypto robberies and kidnappings in France. Crypto holders like Harry Halpin, CEO of Nym, claim the rule threatens personal security and suggest using shielded cryptocurrencies like Zcash and private VPNs for defense. The proposed rule is not yet law and is subject to change.
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