France advances mandatory €100,000 crypto asset reporting, faces security backlash
France advances mandatory €100,000 crypto asset reporting, faces security backlash
摘要: Cryptocurrency News
France advances mandatory €100,000 crypto asset reporting, faces security backlash
In Brief
🔥 France prepares rules to force cr
正文
Cryptocurrency News
France advances mandatory €100,000 crypto asset reporting, faces security backlash
In Brief
🔥 France prepares rules to force crypto holders to declare €100,000 or more in $BTC and other digital assets.
💥 The proposal has sparked security fears after a rise in violent crypto-related attacks.
🇫🇷 Multiple high-profile kidnappings and robberies in France have targeted crypto owners.
İlayda Peker
56 seconds ago
French lawmakers have moved forward with a proposal requiring cryptocurrency holders to declare digital asset holdings of €100,000 ($112,000) or more to authorities. Individuals who do not comply could face fines reaching €10,000 ($11,000).
Contents
Controversy over security and privacy risks
Reporting, self-custody wallets, and tax implications
Heightened awareness after spate of violent attacks
Controversy over security and privacy risks
This proposed regulation has sparked significant concern among members of France’s crypto community. Many fear that reporting large crypto holdings could increase personal security risks, especially following a series of violent crimes targeting cryptocurrency owners in the country.
Several high-profile incidents have occurred in recent years, including kidnappings, robberies, and so-called “wrench attacks” where physical force is used to coerce victims into surrendering their digital assets. In January 2025, attackers kidnapped Ledger co-founder David Balland and his wife from their home, reportedly severing one of Balland’s fingers during the ordeal. Earlier this year, Sébastien Borget’s wife, connected to The
project, was targeted in an attempted kidnapping. Another case involved a couple in Versailles being forced at knifepoint to transfer $1 million in
by individuals posing as police officers.
Industry figures have voiced their alarm at the proposal. Mert Mumtaz, CEO of Solana-based infrastructure company Helius, described France as “the leading country o