FRENCH AMENDMENT I-CF821 WOULD MAKE HOLDERS DECLARE SELF-CUSTODY WALLETS WORTH €100,000 OR MORE — THE FINANCE COMMITTEE ADOPTED IT — THE FULL ASSEMBLY STARTS FROM A TEXT WITHOUT IT

France’s National Assembly finance committee adopted an amendment that would make people declare the crypto wallets they hold themselves. Amendment I-CF821 to the 2027 budget bill, filed on October 3, 2026 by Charles de Courson, M. Bataille and M. Castellani, covers wallets “qu’elles détiennent directement” that are not kept with a crypto service provider, once their value on December 31 is €100,000 or more. The authors’ summary says failing to declare could cost up to €10,000.

Their reason is a number. The summary says French taxpayers realised €3.5 billion of crypto gains in 2021, but only €400 million of holdings were declared to the tax office that year. This is a different line from the exit tax we covered on October 9. That one asked people leaving France to list their coins. This one asks everyone above the threshold, every year.

It is not law. The committee went on to reject the whole revenue half of the bill, and the full Assembly works from the government’s original text, so committee amendments have to be filed again to survive. Decrypt reported the backlash on October 13, 2026, including a post from Rand Hindi that read “If you live in France and hold crypto, leave.” Separately, the Interior Ministry told Cointelegraph it recorded 90 crypto-related cases of kidnapping, abduction, extortion, threats and violent theft from January 1 to mid-August 2026. Chainalysis’s Eric Jardine told Cointelegraph that in 2024 a tax official “leaked PII, financial and crypto holding information on French taxpayers.”

Coins on your own keys cannot be frozen from an office. A list of names, addresses and amounts can be stolen from one. In the country with the worst record for wrench attacks, the state wants a register of exactly the people worth robbing. Watch whether anyone files I-CF821 again on the floor. At the time of this writing, bitcoin was $83,117.