⚖️ France just voted 150 to 44 to make self-custody a reporting event
The National Assembly added a rule to the 2027 finance bill: declare your own wallets
Most people are watching the vote count. The €100,000 line is the part to watch
Here's what it actually says:
If self-custodied crypto totals €100,000 or more on December 31, French taxpayers would have to report it
Miss it and the fine runs up to €10,000
Same session, lawmakers also rejected an exemption for crypto payments up to €1,000. So the direction is one way right now
This isn't law yet. The Senate starts debating on November 20, and that's where it either gets softened or holds
For BTC, the read isn't price — it's behavior. A rule like this doesn't touch coins sitting in a cold wallet, but it does put a number on them. If other parliaments copy the template, "self-custody" stops being a private choice and becomes a disclosure line
Watching what the Senate does with it
$UAI $ZEC $CLANKER
The National Assembly added a rule to the 2027 finance bill: declare your own wallets
Most people are watching the vote count. The €100,000 line is the part to watch
Here's what it actually says:
If self-custodied crypto totals €100,000 or more on December 31, French taxpayers would have to report it
Miss it and the fine runs up to €10,000
Same session, lawmakers also rejected an exemption for crypto payments up to €1,000. So the direction is one way right now
This isn't law yet. The Senate starts debating on November 20, and that's where it either gets softened or holds
For BTC, the read isn't price — it's behavior. A rule like this doesn't touch coins sitting in a cold wallet, but it does put a number on them. If other parliaments copy the template, "self-custody" stops being a private choice and becomes a disclosure line
Watching what the Senate does with it
$UAI $ZEC $CLANKER
