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

France is reportedly considering a measure that would require holders of crypto wallets valued above €100,000 to disclose them, with non-disclosure potentially carrying a €10,000 fine. The proposal, as reported by the Bitcoin Foundation, reflects a broader regulatory trend: authorities increasingly want visibility into digital asset holdings that sit outside traditional financial reporting channels.

The market relevance here is less about the immediate price impact and more about precedent. If enacted, such a threshold would formalize a reporting obligation for larger holders, effectively treating sizeable self-custodied wallets as a disclosure category. That could influence how exchanges, custodians, and tax advisors structure compliance guidance for clients in France.

What to watch: whether the proposal advances into law, how the €100,000 valuation threshold would be assessed and at what point in time, and what penalties or reporting mechanics accompany it. For now, it remains a proposal — not an enforceable rule — but it signals the direction of travel for crypto oversight in Europe.