French Lawmakers Back Reporting Rule for Crypto Wallets Over $112K

This is less about the threshold than about the direction of travel: France is folding self-custodied crypto into the same disclosure logic it applies to other assets, which shifts the compliance burden onto individual holders rather than platforms. The practical friction lands hardest on long-term holders who never touch a French exchange, since they are the ones with no intermediary to file on their behalf. The open question is whether other EU states read this as a template or treat it as a French-specific overlay on existing reporting rules.