France’s National Assembly has approved Amendment I-2701, which would require taxpayers to declare self-custodied cryptocurrency holdings worth at least €100,000. The vote passed 150–44 with eight abstentions on November 3, 2026, as part of the proposed 2027 Finance Bill.
Introduced by lawmaker Charles de Courson, the measure would amend Article 1649 bis C of France’s General Tax Code. It targets digital assets held outside centralized exchanges and registered crypto-asset service providers. Qualifying holdings would be valued on December 31 of the reporting year, and non-compliance could lead to penalties of up to €10,000.
Supporters cited a gap between estimated crypto gains and declared amounts: around €3.5 billion in cryptocurrency capital gains during 2021 compared with roughly €400 million reported to tax authorities. Lawmakers rejected alternative reporting thresholds of €5,000 and €50,000, as well as a separate proposal for tax exemptions on small cryptocurrency payments.
If enacted, the rule would impose disclosure obligations, not a direct tax on the entire value of holdings. It still must survive the broader budget process, including Senate consideration, and its final reporting procedures and implementation date have not been set. The proposal aligns with wider European Union transparency efforts under DAC8.
