France's plan to make people declare self-custody crypto wallets is still not law, and a rival text would pull the threshold down from 100,000 euros to 5,000. The Finance Committee adopted Charles de Courson's amendment I-CF821 on 9 October, as we reported on 12 October. The same day the committee rejected the revenue half of the 2027 budget, so those amendments had to be filed again for the full National Assembly. Journal du Coin, using the Assembly's list as of 16 October, says de Courson refiled the 100,000 euro declaration as I-2701, placed after article 32. Deputy Nicolas Sansu filed I-3922, which would require an annual declaration of self-custodied wallets from 5,000 euros, with a fallback text, I-3923, at 50,000 euros. At 5,000 euros, a hardware wallet holding a modest amount of bitcoin would be inside the reporting net. Sansu's two texts were still marked as being checked for admissibility.
The vote window closes this week
Wallet amendments sit at the back of the revenue bill. Examination of the revenue section is due to finish on Monday 19 October. A solemn vote on that section is set for Tuesday 20 October. Last year the Assembly rejected the revenue section by 404 votes to 1, which wiped the amendments attached to it. A committee vote, and a refiled text, can disappear the same way. Nothing in the public record as of this weekend puts either threshold into force. Holders do not have a new filing duty yet. The penalty discussed on the original text was up to 10,000 euros for failing to declare.
Exit tax and stablecoins are in the same pile
The wallet rule is one of several crypto texts in the same bill. An exit tax on unrealised crypto gains above 800,000 euros, in versions from Sansu (I-3904) and the Socialist group (I-3432), is placed after article 5. A Sansu text taken up by Mickaël Bouloux would tax certain crypto-to-stablecoin conversions from 2027. Gabriel Attal has a text, I-3664, tied to article 28, that would exempt crypto payments up to 1,000 euros a year. Another, I-3723, would fine platforms up to 50,000 euros for failing to answer the tax office. Eurozone holders watching U.S. rules have a separate clock: comments on the SEC's Regulation Crypto Assets plan still close on 20 October, the same Tuesday, as set out on 11 October. Thailand has already switched its own ETF rule on. See Thailand's bitcoin and ether ETF regime.