Paul Midy

Rule Changes

Opposed the €5,000 wallet disclosure threshold

France's National Assembly approved an amendment on Nov. 3 that would require people to report self-custodied crypto worth at least €100,000 to tax authorities. The rule would cover wallets where the owner holds the private keys, with a fine of up to €10,000 for failing to declare. It goes beyond the EU's DAC8 directive, which covers crypto service providers but not people who hold their own keys.

Updated 5 days ago