{"id":71899,"date":"2026-05-01T08:18:06","date_gmt":"2026-05-01T08:18:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/france-drops-self-custody-reporting-mandate\/"},"modified":"2026-05-01T08:18:06","modified_gmt":"2026-05-01T08:18:06","slug":"france-drops-self-custody-reporting-mandate","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/france-drops-self-custody-reporting-mandate\/","title":{"rendered":"France Drops Self-Custody Reporting Mandate"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-path-to-node=\"0\"><strong>Key Takeaways:<\/strong><\/p>\n<ul data-path-to-node=\"1\">\n<li>\n<p data-path-to-node=\"1,0,0\">The French National Assembly axed an article requiring users to report self-custody <span>crypto<\/span> wallets over \u20ac5,000.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"1,1,0\">Adan celebrated this win, which protects users in France, a nation suffering 40% of Europe\u2019s wrench attacks.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"1,2,0\">Scrapping the \u20ac5,000 reporting rule avoids future attacks fueled by leaked tax data, notes Telegram\u2019s CEO.<\/p>\n<\/li>\n<\/ul>\n<h2>French National Assembly Drops Self-Custody Funds Disclosure From Upcoming Fraud Law<\/h2>\n<p>The French National Assembly has made a decisive move to protect the data of French <span>crypto<\/span> holders by dropping a controversial requirement from a law project.<\/p>\n<p>According to reports from Adan, a French organization that drives adoption and innovation in the <span>cryptocurrency<\/span> sector, the article that established a duty to report the contents of <span>cryptocurrency<\/span> portfolios over \u20ac5,000 held under self-custody to the DGFIP, the French tax watchdog, was <a href=\"https:\/\/x.com\/adan_asso\/status\/2049773144919965771?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">removed <\/a>from a law project against fraud in the last stages of the draft revision.<\/p>\n<p><\/p>\n<p>The move, considered a victory for the French <span>cryptocurrency<\/span> sector, comes after a heated debate as Deputy Daniel Labaronne proposed a motion to suppress the article, which failed. Labaronne argued that it would not be feasible for the agency to check the veracity of the information provided by taxpayers.<\/p>\n<p>Adan celebrated this outcome, stressing that they had been taking action since last November to defend their position before administrative bodies, government offices, and deputies, explaining that they supported strengthening the fight against fraud but were against creating an unworkable and risky obligation for taxpayers.<\/p>\n<p>The organization referred to the risks that French <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> holders face, as the country has become a hotbed for so-called \u201cwrench attacks,\u201d including violence as a means to force <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> holders to deliver their holdings to these attackers.<\/p>\n<p>High-profile industry figures, including Binance\u2019s head in the country and <span data-subtree=\"aimfl,mfl\" data-processed=\"true\">Ledger co-founder <\/span><span data-sfc-root=\"c\" data-wiz-uids=\"AptnDe_g\" data-sfc-cb=\"\" data-processed=\"true\">David Balland, have been targeted, as France accounts for nearly 40% of these attacks across Europe.<\/span><\/p>\n<p>Pavel Durov, founder and CEO of Telegram, directly linked the rise in these attacks to French officials selling data of <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> owners to criminals and massive tax database leaks, warning against the risks of giving the French government even more information about <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> holders than it already has.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/france-drops-self-custody-reporting-mandate\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: The French National Assembly axed an article requiring users to report self-custody crypto wallets over \u20ac5,000. Adan celebrated this win, which protects users in France, a nation suffering 40% of Europe\u2019s wrench attacks. Scrapping the \u20ac5,000 reporting rule avoids future attacks fueled by leaked tax data, [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":71900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71899"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71899"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71900"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}