France Targets Crypto Wallets Over €100K With Proposed €10,000 Fines for Non-Disclosure - Bitcoin Foundation

France is reportedly considering new disclosure requirements for cryptocurrency holders, with proposed fines of €10,000 for failing to report wallets valued above €100,000. The measure, as described by the Bitcoin Foundation, would target non-disclosure rather than the holding of digital assets itself.

If enacted, the proposal would add a compliance layer for larger crypto holders in France, similar in spirit to existing tax and asset-reporting regimes. The €100,000 threshold suggests authorities are focusing on significant holdings rather than everyday retail balances, though the practical mechanics of valuation and reporting remain unclear.

For markets, the key question is whether this remains a national proposal or signals a broader regulatory direction in the EU, where crypto reporting rules are already evolving. What to watch: the legislative timeline, how wallet valuations would be determined, and whether other jurisdictions adopt comparable thresholds. For now, the development is best understood as a proposed compliance change, not a restriction on owning crypto.