France moves to force annual reporting of private crypto holdings over €5,000

Holders of private cryptocurrency wallets in France with more than €5,000 in value will have to report their holdings to tax authorities each year, if a new proposal becomes law. The requirement, approved by the French National Assembly on 7 April, targets crypto stored outside regulated trading platforms—where assets are harder to track and more easily used to obscure income. By mandating annual disclosure, tax authorities aim to close loopholes used for tax evasion and fraud. The move is part of a broader anti-fraud bill and aligns with France’s push for stricter oversight under the EU’s MiCA framework, especially as concerns grow over dollar-pegged stablecoins dominating the market. Final approval has not yet been granted, leaving the rule in limbo for now.