France has proposed a regulatory measure targeting self-custodied cryptocurrency holdings, according to a Techub News brief citing CoinGape. Under the proposal, holders who fail to declare self-custodied crypto positions exceeding €100,000 would face a €100,000 fine. The source material does not provide additional details on the proposal’s legislative status, implementation timeline, or the exact scope of assets and holders that would be covered. At this stage, the available information is limited to the proposed threshold and penalty amount. The report frames the move as part of a regulatory plan focused on undeclared crypto holdings kept in self-custody rather than on an exchange or other third-party platform.
France has proposed a regulatory plan aimed at self-custodied cryptocurrency holdings, according to Techub News, which cited CoinGape.
Under the proposal, undeclared self-custodied crypto holdings above €100,000 would be subject to a €100,000 fine.
The source material does not include more detail on the proposal’s legislative process, implementation date, or exact scope.
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