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France Considers Reporting Rules for Self-Custody Crypto Wallets
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France is also targeting self-custody crypto users. Lawmakers have advanced a proposal requiring individuals to report self-hosted wallets holding more than €5,000 annually to tax authorities.
While the measure is still under review, it signals a shift toward greater transparency—even for assets held outside exchanges. Critics argue enforcement could be difficult and raise privacy and data security concerns, but regulators see it as a necessary step to combat fraud and improve oversight in a rapidly growing market.
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france targeting self-custody shows regulators are expanding beyond exchanges now
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France is also targeting self-custody crypto users. Lawmakers have advanced a proposal requiring individuals to report self-hosted wallets holding more than €5,000 annually to tax authorities.
While the measure is still under review, it signals a shift toward greater transparency—even for assets held outside exchanges. Critics argue enforcement could be difficult and raise privacy and data security concerns, but regulators see it as a necessary step to combat fraud and improve oversight in a rapidly growing market.
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What if people don't report the wallets?
