France Moves to Support Reporting for Self-Custodied Crypto Over €100K

France is moving to tighten crypto reporting rules as lawmakers negotiate the 2027 Finance Bill. The National Assembly adopted an amendment that would require taxpayers to declare self-custodied crypto assets to tax authorities once holdings cross a high threshold.

Separately, the Assembly also voted down a proposal aimed at shielding small crypto payments from tax, reinforcing that France’s approach remains focused on taxable events rather than de minimis exemptions.

Key takeaways

• The National Assembly adopted amendment I-2701 requiring disclosure of self-custodied crypto holdings of at least €100,000, based on asset values as of Dec. 31 of the tax year.
• The reporting rule is part of the 2027 Finance Bill and must remain in the final legislation to take effect.
• A separate amendment proposing a €1,000 exemption for crypto payments for goods and services was rejected by lawmakers.
• Budget timing remains a live risk: the Assembly postponed a revenue-section vote again, and one public affairs executive warned that a likely rejection could sink the entire bill.
• Earlier votes in the Assembly included both exit-tax measures for unrealized gains relating to relocating tax residence (rejected) and a new tax treatment for converting crypto into certain stablecoins (approved).

Self-custody reporting heads toward final legislation

On Tuesday, the French National Assembly approved amendment I-2701, which would make it mandatory for taxpayers to report self-custodied crypto holdings once they reach €100,000 (about $112,000). According to the Assembly’s official voting record, the amendment passed by 150–44, with eight abstentions.

The measure is intended to standardize disclosure for people who hold crypto outside traditional custody arrangements. The amendment specifies that the threshold would be evaluated on Dec. 31 of the relevant tax year—meaning taxpayers will likely need to track custody status and asset values at that point rather than rely only on transaction activity throughout the year.

The amendment is documented in the Assembly’s legislative materials under Amendment I-2701, and the vote is recorded in the Assembly’s official voting record.

Crypto payments exemption proposal fails

In a second vote, the Assembly rejected an amendment that would have carved out a tax exemption for gains generated from using crypto to pay for goods and services. The rejected proposal would have limited the exemption to payment activity totaling no more than €1,000 (about $1,120) within the tax year.

That amendment was defeated 69–14, according to the Assembly’s session transcript transcript. The outcome suggests lawmakers are not willing to create a broad “small payments” exception that would reduce the need to account for taxable events tied to crypto usage.

What happens next: committee deadlines and the Senate calendar

Both votes occurred in the context of the 2027 Finance Bill drafting process. The reporting requirement will not become law automatically; it must be retained in the final version of the legislation. The Assembly is expected to complete its first reading by Nov. 17, according to a deadline listed by the Assembly’s leadership documents. The Assembly provided this timing in a meeting conclusions note.

On the next legislative stage, Senate debate is scheduled to begin Nov. 20, based on the Senate’s posted order of business.

Broader budget uncertainty could affect multiple crypto provisions

The Assembly’s crypto votes are occurring alongside broader budget maneuvering. The National Assembly postponed Tuesday’s scheduled vote on the budget’s revenue section for the second time, as lawmakers continued debating amendments. The vote was originally set for Oct. 20, but was delayed again, with no final decision yet.

While one postponement alone may not change the substance of the crypto debate, the risk is procedural: if the revenue section is rejected, it could jeopardize the entire bill package. Faustine Fleuret, global head of public affairs at lending protocol morpho, told Cointelegraph that a “likely rejection” of the revenue section could “result in the rejection of the entire bill in the National Assembly, including provisions adopted by way of amendments.”

Separately, the Assembly also rejected proposals on Friday that would have applied exit taxes to unrealized crypto gains when taxpayers transfer their tax residence abroad. Earlier in the drafting cycle, lawmakers approved an amendment on Oct. 16 that would tax gains from converting crypto into certain stablecoins. That approved amendment targets stablecoins classified as electronic money tokens under EU rules, while still requiring retention in the final legislation.

For readers tracking the legislative arc, earlier reporting from Cointelegraph highlighted France’s move toward automatic sharing of crypto tax data as well as the stablecoin and exit-tax debate. In this same vein, Cointelegraph noted that the Assembly postponed the 2027 budget vote and discussed how the process could affect crypto-related provisions; see Cointelegraph’s earlier coverage.

Investors and builders should watch two things as the bill moves: whether the Assembly manages to keep the self-custody disclosure amendment intact by the Nov. 17 first-reading deadline, and whether the Senate’s scheduled Nov. 20 debate and the Assembly’s budget voting outcome reshapes or removes other crypto tax provisions already adopted in committee.