🇫🇷 France Wants More $BTC Holdings Reported to Tax Authorities French lawmakers backed a proposal that would require people to report self-custodied crypto worth €100,000 or more, with fines of up to €10,000 for failing to declare it. The value would be measured at year-end. How that compares with nearby markets: → 🇪🇸 Spain: crypto above €50K held with foreign custodians falls under Modelo 721, but wallets where users control their own private keys are excluded from that form → 🇮🇹 Italy: residents already report crypto-assets through Quadro RW, including assets held through wallets and other storage systems Agencia Tributaria 🇳🇱 Netherlands: crypto is treated as part of Box 3 assets, and the tax authority explicitly covers coins held in a personal wallet, on an exchange or with another party. There is also an EU-wide layer coming in. DAC8 started applying in 2026, requiring crypto service providers to collect transaction data on EU-resident users, with the first reporting due in 2027. France’s proposal is different because it would reach assets held outside those platforms as well. 💭 For now, the French rule is still only part of the 2027 budget process, so it can still change before becoming law. Do you think, crypto $BTC reporting stop at exchanges, or should self-custody be included too? #Macro Insights# #BTC Price Analysis# #Europe