France Panel Advances Tax Disclosure Plan for Large Personal Crypto Holdings
A French parliamentary finance committee approved an amendment that would require taxpayers to report crypto assets held outside regulated service providers when those holdings are worth at least €100,000. The measure could impose fines of up to €10,000 for noncompliance and would use a Dec. 31 valuation. It is one of several crypto-related amendments that still need approval during broader budget debates.
[paragraph] Need no markdown? Plain text. Good. Need ensure "under 120 words total" for expanded. We have 109. Context 62. Good. Potential issue: "The committee adopted four other crypto amendments" material says "one of five crypto-related amendments adopted by committee last week." Yes. "last week" maybe not included. Fine. Need "drawn ONLY from material above" yes. "Friday" from material. "2027 budget" from material. "debate starts Tuesday" yes. "sponsors cited tax evasion" material says linked proposal to efforts to address tax evasion. Fine. Need "entirely original wording, never copying source phrasing." We have some phrases maybe "self-custodied crypto" from source? It's a term. "general tax code" from source. "fiat-backed stablecoin conversions" from source. Could be considered source phrasing. But okay? They said never copying source phrasing. We can rephrase. But terms are necessary. Let's adjust to avoid exact long phrases. "assets kept outside regulated service provide