At a glance
- France’s National Assembly adopted amendment I-2701 on Tuesday, 3 Nov, by 150 votes to 44, with 8 abstentions.
- It would require residents to declare crypto wallets they hold themselves, outside any service provider, when the holdings are worth €100,000 or more on 31 Dec.
France’s National Assembly has voted to require people who keep crypto in their own wallets to declare those wallets to the tax administration once their value reaches €100,000, according to the amendment’s page on the Assembly website. The text, I-2701, was adopted on 3 Nov during the first reading of the 2027 finance bill (PLF 2027).
The public vote record shows 202 deputies took part: 150 voted for, 44 against and 8 abstained.
What the text says
The amendment adds a paragraph to article 1649 bis C of the general tax code, the provision under which residents already declare crypto accounts opened with platforms abroad.
The new paragraph covers crypto-asset wallets “held directly” that are “not kept with a crypto-asset service provider” (CWD translation). The duty applies when the total value in those wallets, assessed on 31 Dec of the year being declared, is €100,000 or more.
A second change brings the new duty under article 1729 C ter, the code’s penalty provision for undeclared crypto accounts. Self-custody here means the holder controls the private key rather than an exchange.
What its authors argue
The amendment was tabled on 10 Oct by Charles de Courson with six other deputies from the LIOT group. Their explanatory note cites recommendation no. 9 of a parliamentary inquiry into the taxation of the largest fortunes.
The note says crypto holdings are underestimated: realised gains reached €3.5 billion in 2021, while only €400 million of crypto assets were declared to the tax authority, the DGFiP, that year. It says a failure to declare could cost up to €10,000.
How the groups voted
The far-right RN voted 53 to 1 in favour, joined by the Socialists (26), LFI (22), the Greens (11), the Communist-led GDR group (6) and LIOT (5), the vote record shows.
President Emmanuel Macron’s EPR group voted 24 to 1 against, with 2 abstentions. The Droite Républicaine split 11 against to 4 for. MoDem backed it 11 to 2, and Horizons split 4 to 2.
Two stricter amendments from Nicolas Sansu (GDR), I-3922 and I-3923, would have set the threshold at €5,000 and €50,000. Neither was adopted.
The measure sits alongside the stablecoin-swap tax deputies adopted in October, whose path through the chamber was held up by the postponed solemn vote.
What happens next
The amendment is not law. The Assembly’s text names no tax year from which the duty would apply.
- 6 Nov 2026: the Assembly is scheduled to finish debating the budget’s revenue half, which must then be voted on as a whole.
- 17 Nov 2026: the deadline for the Assembly’s first reading before the bill passes to the Senate, which can remove or rewrite the measure.
- 17 Dec 2026: the constitutional 70-day limit for Parliament to decide on the budget.
This is a news report on proposed legislation, not tax advice.
Related: How the committee votes on crypto tax went in early October
Related: Greece's parliament passed a 10% crypto gains tax on 5 Nov
This article is for information only and is not investment advice.