France is pushing forward with new regulations requiring the declaration of the market value of self-custodied crypto assets.

According to Odaily Planet Daily, France is pushing forward with Amendment 1649AC, which would require citizens to declare the precise market value of their self-custodied crypto assets, even if no taxable transactions have occurred.

Critics argue that the measure constitutes an undue interference in private life and could create a dangerous "honeypot" containing names, addresses, and specific cryptocurrency balances. (Bitcoin News)