France Crypto Tax: Assembly Backs €100K Self-Custody Wallet Reporting

By Nodora News · 5 November 2026

France's National Assembly voted 150-44 to make residents report self-custodied crypto wallets worth €100,000 or more, but the rule still faces the Senate.

France's lower house has voted to bring self-custodied crypto out of the shadows. On Tuesday, November 3, the National Assembly adopted an amendment to the 2027 Finance Bill that would require French tax residents to declare crypto wallets they control themselves, such as Ledger or Trezor hardware wallets and apps like MetaMask, once their combined value reaches €100,000 on December 31. Holders of Bitcoin (BTC), Ether (ETH) and other coins who miss the declaration could face a fine of up to €10,000. The measure is not law yet: it still has to survive the rest of the budget process, including a Senate review that starts on November 20.

Key takeaways

• Amendment No. I-2701 passed 150 votes to 44, with eight abstentions.
• It covers wallets not held with a crypto service provider, both hardware and software.
• The €100,000 threshold is measured on December 31, and non-declaration could cost up to €10,000.
• A rival proposal with a €5,000 threshold was rejected the same evening.
• The rule falls if the budget's revenue section is voted down, and the Senate and a joint committee still get a say.

What France's Crypto Wallet Reporting Amendment Does

The amendment was filed by Charles de Courson, a deputy from the LIOT group, together with six colleagues. It extends article 1649 bis C of the French tax code. That article already makes residents declare crypto accounts they open on foreign exchanges each year, using a form known as 3916-bis.

Until now, wallets that people hold directly were outside that rule. The new text would add "portfolios of crypto-assets held directly" that are not kept with a crypto-asset service provider, as long as their total value is at least €100,000 at the end of the tax year. In plain terms, if you hold your own keys rather than leaving coins on an exchange, and those coins are worth six figures at year-end, you would have to tell the tax office.

The same idea was first approved by the Assembly's finance committee on October 9, according to the official amendment record, before the full chamber backed it this week.

The Numbers Behind the Vote

• Vote: 150 in favour, 44 against, 8 abstentions.
• Threshold: €100,000, roughly $112,000, in total self-custodied holdings.
• Valuation date: December 31 of each tax year.
• Penalty: up to €10,000 for failing to declare.
• Rejected alternative: a €5,000 threshold proposed by left-wing deputy Nicolas Sansu.

The authors justified the change with tax data. They said French holders realised about €3.5 billion in crypto gains in 2021, while only around €400 million in crypto holdings were declared to the tax authority that year. French crypto media outlet Cryptoast points out that those two figures measure different things, gains versus holdings, so the comparison is not like-for-like.

Why It Matters for Crypto Holders in France

Exchange accounts are already well covered. Since January 1, 2026, the EU's DAC8 directive has required crypto service providers to collect customer data and pass it to tax authorities. That left self-custody as the main gap, and this amendment aims to close it.

Several questions remain open:

• What gets declared. The text does not spell it out. For an exchange account, the declaration is basically the account email. For a wallet, Cryptoast notes it could mean handing over public addresses, which would reveal the full on-chain history linked to them.
• How the threshold adds up. On Cryptoast's reading, all self-custodied wallets count together, so four wallets worth €25,000 each would cross the line.
• Price swings. Because value is checked on December 31, a wallet could fall in or out of scope from one year to the next purely because the market moved, without its owner buying or selling anything.

Privacy is the biggest worry. France has seen a string of kidnappings targeting crypto holders, and critics warn that a list of people holding more than €100,000 in crypto could become a target. De Courson has rejected that argument, comparing it to owning shares or gold.

For context on the wider European picture, Nodora recently covered the Crédit Mutuel Arkéa cyberattack behind a $133 million crypto theft, and in the US, the CLARITY Act's uncertain future after the midterms.

Market Reaction: Bitcoin (BTC) Price

The vote did not move the market in any visible way. Crypto prices were rising on Wednesday as traders shook off a dip during the US midterm results. According to OKX spot data at the time of writing:

• Bitcoin (BTC): about $79,340, up 2.6% in 24 hours (around €70,530).
• Ether (ETH): about $2,366, up 3.3%.

You can follow more coins on the Nodora charts page.

What to Watch Next

The amendment has several hurdles to clear before it becomes law:

• The revenue vote. Deputies still have to approve the first part of the 2027 budget, which contains the amendment. If that part is rejected, every amendment adopted in it falls too. The Assembly must finish its first reading by November 17.
• The Senate. Senators are scheduled to debate the bill from November 20 to December 8, and they can strip or rewrite the measure.
• Joint committee. A committee of deputies and senators then settles the final text.
• Article 49.3. If the government forces the budget through without a final vote, it chooses which amendments to keep.

There is precedent for this kind of rule disappearing late. A €5,000 wallet declaration was previously voted during the review of an anti-fraud plan, only to be dropped in a joint committee. French crypto holders will be watching closely to see whether the €100,000 version survives this time.

#Bitcoin #France #Regulation #Crypto tax #Self-custody

This article is general information, not financial advice.