France moves to make self-custody crypto over 100,000 euros reportable

What happened. On November 3, France's National Assembly adopted amendment I-2701 to the 2027 finance bill in a public vote. Of 202 deputies voting, 150 were for, 44 against and 8 abstained. Charles de Courson and six other deputies from the LIOT group filed it.

What the text says. The amendment adds to article 1649 bis C of the tax code. People and entities that already have to declare crypto accounts held abroad would also have to declare wallets they hold directly, without a crypto service provider such as an exchange or custodian. The threshold is a total value of 100,000 euros or more on December 31 of the tax year.

Why the authors want it. The explanatory note says crypto can be a significant channel for tax fraud. It cites 3.5 billion euros of crypto gains in 2021, while only 400 million euros of holdings were declared that year. The authors say a missing declaration could cost a fine of up to 10,000 euros.

What comes next. For now this is a proposal. It only becomes law if it is kept in the final budget. Per Cointelegraph, the Assembly must finish its first reading by November 17 and the Senate begins debate on November 20. The outlet also reports that the vote on the revenue part of the budget has been postponed twice, and if that part is rejected, adopted amendments could fall with it.

Also this week. Lawmakers rejected an amendment that would have exempted gains on crypto payments for goods and services up to 1,000 euros a year. This is also per Cointelegraph, citing the session transcript.

What we don't know. Whether the amendment survives in the final law. How the tax office would check wallets that only the owner controls. Which price is used for the December 31 value, and whether NFTs and stablecoins count toward the threshold.

Fatos confirmados

• France's National Assembly adopted amendment I-2701 to the 2027 finance bill on November 3, 2026.^[1][2]
• Of 202 deputies voting, 150 were for, 44 against and 8 abstained.^[2]
• The amendment requires reporting of crypto wallets not held with a crypto service provider when their total value on December 31 is 100,000 euros or more.^[1]
• Charles de Courson and six other deputies from the LIOT group filed the amendment.^[1]
• The authors cite 3.5 billion euros of crypto gains in 2021 against 400 million euros of declared holdings, and say a missing declaration could cost up to 10,000 euros.^[1]
• The amendment only becomes law if kept in the final budget. The first reading must end by November 17 and the Senate starts debate on November 20.^[3]
• Lawmakers rejected an amendment exempting crypto payments for goods and services up to 1,000 euros a year, 69 votes to 14.^[3]

Implicações

• ConfirmadoIf it stays in the law, large self-custody wallets of French residents come into the tax office's view.
• ConfirmadoThe budget can still be rewritten or rejected, and the amendment would fall with it.
• Nossa leituraOther EU countries may discuss similar rules. That is our reading.

Ainda não se sabe

• Whether the amendment survives in the final budget
• How the tax office would check wallets with no provider
• How the December 31 value is measured and what counts toward the threshold

Quem é afetado

France, Europe. French tax residents with self-custody crypto, holders of large crypto balances

Fontes

1. Assemblée nationale: Projet de loi de finances pour 2027 (no 3210), Amendement n°I-2701 3 de novembro de 2026 · oficial
2. Assemblée nationale: Analyse du scrutin n°9636 3 de novembro de 2026 · oficial
3. Cointelegraph: France backs reporting for self-custodied crypto worth 100K euros or more 4 de novembro de 2026 · mídia