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

A sweeping rejection of the budget's revenue section wiped out the wallet disclosure amendment just days after lawmakers approved it French crypto holders who keep their own keys got an unexpected reprieve. A proposal requiring them to report self-custodied holdings above €100,000 has been stripped from the 2027 budget. The rule did not die because lawmakers changed their minds about crypto. It died because the National Assembly rejected the entire revenue section of the finance bill, and the amendment went down with it. A rule that lasted about 48 hours On November 3, 2026, the National Assembly adopted amendment I-2701 by a comfortable margin. The tally was 150 votes in favor, 44 against and 8 abstentions. The measure would have forced French taxpayers to declare crypto held in wallets they control directly. That covers hardware devices and software wallets not supplied by a crypto-asset service provider. The reporting trigger was set at €100,000. Holdings would be measured once a year, on December 31, to determine whether a filing was required. Skipping the declaration carried real teeth. Penalties for non-compliance could have reached €10,000. Then the floor gave way. On Novemb...