France backs €100,000 self-custody crypto reporting proposal

France's National Assembly approved an amendment requiring taxpayers to declare self-custodied crypto holdings worth at least €100,000 at year-end, with penalties of up to €10,000. The measure emerged during debate on the country's 2027 budget and still faces further legislative steps. A reporting mandate on self-custody raises compliance and privacy concerns for large holders, a modest headwind for French crypto sentiment.