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France
2026-10-12 10:24:21

France proposes €100,000 fine for undeclared self-custodied crypto holdings

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.

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France proposes €100,000 fine for undeclared self-custodied crypto holdings
France
2026-10-12 04:55:43

French lawmakers back crypto wallet disclosure proposal for holdings above €100,000

France’s National Assembly Finance Committee has approved amendment I-CF821, a proposal that would require holders of self-custodied crypto assets to disclose their positions if the value reaches or exceeds €100,000, or about $112,000. The valuation would be based on holdings as of Dec. 31 each year, and failure to report could lead to a fine of as much as €10,000. The amendment was introduced by Charles de Courson, Jean-Pierre Bataille and Michel Castellani, with the stated aim of combating tax evasion. It has not yet become law. The measure must still be resubmitted during the National Assembly’s review of the budget revenue section and win approval before it can be incorporated into French law. Cointelegraph also reported that after passing the amendment, the Finance Committee rejected the revenue section of the 2027 budget by a 31-3 vote, and lawmakers are expected to begin debate from the government’s original draft on Tuesday.

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French lawmakers back crypto wallet disclosure proposal for holdings above €100,000
Hong Kong SFC
2026-09-29 06:25:06

Hong Kong SFC fines Ching Tai International Financial Holdings HK$7 million and suspends responsible officer

Hong Kong’s Securities and Futures Commission has reprimanded Ching Tai International Financial Holdings Limited, fined it HK$7 million, and suspended the licence of one responsible officer for 12 months. According to Techub, the regulator said the firm failed to comply with anti-money laundering and counter-terrorist financing requirements, along with other regulatory rules, during the period from January 2021 to June 2022. The SFC said the misconduct included failures to establish and implement adequate and effective policies and procedures for customer due diligence and ongoing monitoring of client transactions. It also said the company failed to ensure that its staff followed those policies and procedures. The regulator added that these deficiencies undermined its objectives of protecting investors and maintaining market integrity and soundness.

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Hong Kong SFC fines Ching Tai International Financial Holdings HK$7 million and suspends responsible officer
UK
2026-09-02 13:11:51

UK FCA fines Citibank London branch £4.7 million over Russia sanctions breaches

The UK Financial Conduct Authority has fined Citibank’s London branch £4.7 million after finding failures in its systems and controls led to breaches of British sanctions on Russia. According to the regulator, the bank did not put in place effective measures to identify and stop payments involving sanctioned entities during the period from August 2022 to June 2023. The FCA said internal systems at the London branch were flawed, which meant relevant payments were not properly screened or blocked. Citibank has agreed to pay the penalty. The bank also said it has taken steps to strengthen its sanctions compliance framework. The item was carried by Techub News, citing Crypto Briefing.

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UK FCA fines Citibank London branch £4.7 million over Russia sanctions breaches