French National Assembly passes amendment requiring declaration of self-custodied crypto assets worth at least €100,000

Odaily reports: The French National Assembly has passed an amendment requiring taxpayers to declare self-custodied crypto assets with a total value of at least €100,000 to the tax authorities. The amendment passed with 150 votes in favor, 44 against, and 8 abstentions. The value of declared assets will be determined as of December 31 of the relevant tax year.

This declaration requirement is part of the 2027 finance bill and must remain in the final legislation to take effect. The French National Assembly must complete the first reading of the bill by November 17, with Senate debate scheduled to begin on November 20. (Cointelegraph)