The French government has proposed an amendment to its tax laws, which would oblige taxpayers to report cryptocurrency holdings exceeding $112,000. This includes self-custodied assets, held outside of centralized exchanges or wallets. The amendment is part of a broader tax reform package and has been included in the country's budget for 2024.
Source
"France to Mandate Crypto Reporting for Holdings Over $112,000" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
However, the proposal still requires approval from the French parliament before becoming law. If passed, the measure would take effect in 2025, affecting tax filers in the 2025 tax year.