French National Assembly Passes Bill Mandating Disclosure of Self-Custody Wallets
The French National Assembly has passed a bill requiring individuals to disclose self-hosted cryptocurrency wallets holding over €5,000 to the DGFIP, France's national tax watchdog. This measure is part of an anti-fraud law aimed at increasing transparency in cryptocurrency holdings. However, the DGFIP has expressed concerns about the security risks associated with centralizing sensitive data, warning that it could make users prime targets for hackers. Despite opposition from Deputy Daniel Labaronne, who argued the impracticality of verifying ownership of such assets, the motion to suppress the article was defeated. The bill's passage reflects a broader trend among European countries to exert more control over cryptocurrency funds held in self-custody. 
