France's Finance Committee Approves €100,000 Crypto Reporting Requirement with €10,000 Fine

France's National Assembly Finance Committee has approved an amendment requiring self-custody crypto assets worth €100,000 or more to be reported as of year-end, with penalties up to €10,000 for non-compliance. The amendment has not yet become law and may be subject to further adjustments. The reporting threshold is equivalent to approximately $112,000 USD.
Disclaimer: This content is for informational purposes only and does not constitute investment advice or encourage the buying or selling of crypto assets. It is intended to provide information about industry developments and is not directly related to the services offered by Gate TR. Although information obtained from third-party sources has been carefully reviewed, Gate TR assumes no responsibility for any errors or omissions. Crypto assets involve high risks and may experience significant price fluctuations. Before making any investment decisions, you should assess your financial situation and risk tolerance, conduct your own research, and make decisions independently.