France backs reporting for self-custodied crypto worth 100K euros or more
AI summary
A French amendment would require taxpayers to report self-custodied crypto holdings worth 100,000 euros or more, roughly $112,000. The measure still has to survive the budget process before becoming law. Traders would care because reporting requirements on self-custody raise compliance burdens and could discourage large holders in France, a modest negative for privacy and self-custody sentiment.
