French National Assembly Backs €100,000 Reporting Rule for Self-Custodied Crypto
Key Takeaways
- •The French National Assembly adopted Amendment I-2701 by a vote of 150 to 44, with eight abstentions, requiring disclosure of self-custodied crypto holdings worth €100,000 or more.
- •Only holdings at or above the €100,000 (about $112,000) threshold would trigger the reporting duty, while smaller self-custodied balances would be exempt under the approved text.
- •France's existing regime taxes non-professional investors' digital-asset capital gains at a 30% flat levy, and holding cryptocurrency alone is not a taxable event.
- •The amendment targets self-custody, which generally falls outside the OECD's CARF and the EU's DAC8 directive that place reporting obligations on crypto-asset service providers from January 1, 2026.
- •The bill must still undergo Senate examination before becoming law, and the amendment imposes no obligations on taxpayers until enactment.
French National Assembly Backs €100,000 Reporting Rule for Self-Custodied Crypto
The French National Assembly approved a tax disclosure amendment on Tuesday that would require taxpayers to report self-custodied cryptocurrency holdings worth €100,000 (about $112,000) or more.
Amendment I-2701 passed 150 to 44 — a margin of more than three to one — with eight abstentions, and the Assembly has published the amendment's text, according to COINOTAG, which first reported the vote.
Scope of the proposal
The amendment targets digital assets held in self-custody — that is, wallets whose private keys are controlled directly by the holder rather than by an exchange or another third-party custodian. Under the approved text, taxpayers holding self-custodied crypto valued at €100,000 or more would be required to disclose those holdings to the tax authorities. Holdings below that threshold would not trigger the disclosure requirement as approved.
France's existing crypto tax framework
Under rules in force since 2019, capital gains realized by non-professional taxpayers on disposals of digital assets are subject to France's single flat-rate levy, the prélèvement forfaitaire unique, at 30% — comprising 12.8% income tax and 17.2% social contributions. Simply holding cryptocurrencies is not itself a taxable event in France; taxation is triggered when assets are converted into government-issued currency or used to purchase goods and services. French taxpayers are also already required to declare digital asset accounts opened, held, used, or closed with providers established outside France, regardless of the amount held. The proposed self-custody rule differs in structure: it is threshold-based and would apply only to holdings of €100,000 or more.
International reporting context
The vote comes as multilateral crypto tax-reporting frameworks take effect. The OECD's Crypto-Asset Reporting Framework (CARF) and the European Union's DAC8 directive, which applies from January 1, 2026, obligate crypto-asset service providers to collect and report client information to tax authorities, with the first exchanges of information scheduled for 2027. Holdings kept in self-custodied wallets generally fall outside the scope of these service-provider reporting obligations; the French amendment, as approved, would place the disclosure duty directly on holders above the €100,000 threshold.
Legislative process
Adoption of an amendment by the National Assembly is one stage of the French legislative process. A bill must still complete further parliamentary consideration, including examination by the Senate, before any of its provisions can be enacted into law. Until enactment, the amendment imposes no new obligations on taxpayers; attention now turns to the Senate's examination of the bill.
This article was first published on COINOTAG: https://en.coinotag.com/french-national-assembly-self-custody-crypto-reporting-100000-euro
