France’s National Assembly adopted a proposed reporting requirement for directly held crypto wallets on November 3, during its first reading of the 2027 budget bill. Amendment I-2701 would extend an existing reporting provision to self-custodied holdings valued at €100,000 or more.
The official amendment record distinguishes two dates: the proposal was submitted on October 10 and adopted in a public sitting on November 3. It identifies the legislative stage as the first reading in the first chamber considering the bill.
The operative text targets wallets held directly and outside the custody of a cryptoasset service provider. It refers to the total value of cryptoassets held in those wallets, measured on December 31 of the year covered by the declaration. The threshold includes holdings worth exactly €100,000; the text does not describe a test applied separately to each transfer.
The proposal works by adding a paragraph to Article 1649 bis C of the tax code. It refers back to the people or legal entities covered by that article’s existing first paragraph. Its wording should therefore be read as an extension of that reporting framework, rather than as a standalone description of every person who might own a wallet.
A second clause updates a cross-reference in the code’s penalty provisions. The amendment itself does not provide a filing form or an operational reporting workflow.
TokenPost’s November 5 report corroborates the vote and year-end valuation basis, and says the measure would take effect only if retained in the final budget bill.
The development is parliamentary adoption of an amendment at that stage. The record does not turn November 3 into a new filing deadline or establish that the proposed requirement has completed the legislative process.