France to Require Reporting of Self-Custody Crypto Wallets Over €5,000
New regulations will oblige holders of self-custody cryptocurrency wallets exceeding €5,000 to report them to French tax authorities.
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Terms & Concepts
Self-custody crypto wallet: A cryptocurrency storage method where the user holds their own private keys, giving them full control over their assets without relying on a third party.
Private key: A secure cryptographic code that allows access to and control of cryptocurrency funds stored in a wallet.