France’s National Assembly voted to add a proposed reporting rule for self-custodied crypto to its draft 2027 budget, which would require taxpayers with large holdings to disclose them.
Under the proposal, reporting would be triggered when taxpayers' combined self-custodied crypto holdings are worth at least €100,000 ($112,000). Taxpayers would use their combined year-end balance to determine whether they meet the threshold.
Lawmakers backed the amendment 150-44 on Tuesday, Nov. 3, and eight abstained. It had cleared committee review before going to the chamber.
The chamber's approval is one step in the budget process: the disclosure requirement would apply only if the final 2027 Finance Bill keeps it. The first-reading deadline is Nov. 17, with Senate debate scheduled to start Nov. 20.
Amendment debates prompted another delay in the revenue-section vote on Tuesday, Nov. 3. Separately, lawmakers have approved a measure on when tax is due for some crypto swaps in the same budget, covered in earlier EconoTimes reporting on the swap measure.
