France proposes 100,000-euro reporting threshold for self-custodied crypto

French lawmakers are advancing a budget amendment that would require taxpayers to disclose self-custodied cryptocurrency holdings valued at 100,000 euros or more—roughly $112,000. The measure, part of the 2025 finance bill, targets assets held outside centralized exchanges, where authorities have less visibility. It still needs to survive the broader budget process before becoming law. If adopted, the rule would impose a new reporting obligation on individuals with substantial crypto wealth, aligning with France's push for tighter oversight of digital assets. The proposal follows growing concerns about tax evasion and money laundering through unhosted wallets. While exchanges already report user balances, self-custody has remained a blind spot for regulators. The amendment signals a significant step toward closing that gap, but its fate depends on parliamentary negotiations and potential legal challenges. For now, crypto holders in France face uncertainty as the budget debate unfolds.