French Crypto Regulation: Personal Wallets Over €100,000 Must Be Reported

French crypto regulations are moving towards oversight of assets held directly by their owners.

The National Assembly approved an amendment proposing reporting of crypto ownership in a personal wallet when its value reaches€100,000 or more by December 31.

However, this agreement does not yet make it law. As of November 5, 2026, this provision remains part of the 2027 Budget Bill and must survive the subsequent legislative process.

So, the word “mandatory” in the title refers to a proposed obligation, not a final provision.

Key Takeaways

• The threshold includes exactly €100,000. Proposal includes the total value of assets in self-controlled wallets, with a valuation at the end of the year.

• The proposed penalty is up to €10,000.This figure is the maximum potential, not an automatic fine for every violation.

• The rules are not final yet.Approval of the amendments still depends on continued budget discussions.

What Does the French Crypto Wallet Reporting Proposal Contain?

Amendment I-2701 proposes expanding the reporting of crypto assets to tax authorities. It primarily targets portfolios held directly by the owner and not entrusted to a crypto asset service provider.

Thus, the scope can include both hardware wallets and personal wallet applications.

The main difference is direct control of the assets, not the form of device used.

The National Assembly approved the amendments by150 votes in favor, 44 against, and eight abstentions. 

Despite gaining majority support in the vote.  Its provisions still require approval through the budget process.

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How is the 100,000 Euro Crypto Wallet Threshold Calculated?

The term “above €100,000” needs to be read carefully.

The text of the amendment uses a threshold greater than or equal to €100,000, so that ownership is exactly the same as that figure also covered.

The basis is the total value of crypto in the portfolio that includes the proposed coverage, valued atDecember 31 of the related year.

This figure is not the limit of trading profits or total purchases throughout the year. 

The following table shows the differences based on the proposed thresholds:

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For the search "crypto wallet 100,000 euros," the valuation date is the most important factor. The mid-year balance is not a measure referred to in this amendment.

However, operational details such as price sources, recording times, and reporting formats need to await final provisions.

Asset owners should not assume that their procedures are established simply by virtue of the approval of an amendment.

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How is it Different from Exchange Account Reporting?

French crypto regulations already recognize the declaration of digital asset accounts held on foreign platforms.

The tax authorities provide forms3916–3916 to, which is submitted together with the income report or business results.

The new proposal expands its scope to assets held outside the custody of service providers. 

Therefore, reporting foreign exchange accounts and declaring crypto assets in personal wallets are two areas that need to be distinguished.

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The new threshold should not be considered a blanket exemption for all small-value crypto accounts.

Existing obligations have their own basis and scope.

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Is Self Custody Prohibited or Directly Taxable?

The French crypto self-custody proposal focuses on ownership disclosure. The text does not prohibit the use of self-custody wallets.

Reporting ownership also differs from taxation of profits.

Reaching the €100,000 threshold does not in itself mean that the entire balance is subject to a new tax at a certain percentage.

Therefore, the French crypto tax discussion needs to separate declaration obligations, taxable transactions, and administrative sanctions.

Combining the three can lead to erroneous conclusions.

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How Much is the Fine for Not Reporting Crypto and When Does It Apply?

The explanation of the amendment mentions a sanction mechanism that can achieve €10.000 if the declaration obligation is not fulfilled.

However, the amount actually charged must comply with the legal provisions that ultimately apply.

The effective date cannot be confirmed based solely on the news of the amendment's approval. These provisions are subject to change or even fall during the bill's deliberations.

For owners of potentially covered assets, a relevant preparatory step is to keep records of balances, transaction histories, and valuation bases. These records facilitate ownership tracking without assuming that new procedures are in place.

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FAQ

Is the French €100,000 crypto rule in effect?

Not yet. This provision is still an amendment to the 2027 Budget Bill and requires completion of the legislative process.

Is a balance of exactly €100,000 required to be reported?

According to the proposal, yes. The threshold is €100,000 or more, based on the valuation as of December 31.

Do self custody wallet rules cover hardware wallets?

The proposal includes wallets held directly outside the custody of a service provider, so hardware wallets could be included in the scope.

Are wallets under €100,000 completely tax-free?

This cannot be concluded. This threshold only relates to the proposed reporting of personal wallets, not to exemption from all tax obligations.

What is the maximum fine for not reporting a personal wallet?

The amendment's explanation mentions potential penalties of up to €10,000. Their application will depend on the final regulations.