France Expands Oversight to Self-Custody Wallets

[johnblockbuster]

France is pushing crypto regulation beyond exchanges by targeting self-custody wallets. New amendments adopted in late 2025 require holders of non-custodial wallets to declare accounts exceeding €5,000, extending reporting obligations directly to individuals who manage their own private keys.

The policy gained momentum after a year marked by data leaks, criminal activity linked to crypto wealth, and misuse of taxpayer information by insiders. By expanding disclosure rules to self-custody, France is signaling that privacy-focused crypto storage is no longer outside the scope of tax authorities.

[cryptohog]

declaring wallets over €5k kinda defeats the whole “be your own bank” pitch