France’s National Assembly Backs Reporting Rule for Large Self-Custody Crypto Wallets

France is tightening its approach to crypto oversight on two fronts. On April 7, the National Assembly passed an anti-fraud provision that would require annual declarations for self-custody wallets holding more than €5,000 in digital assets, although the bill is not yet finalized. Separately, Cointelegraph reported on April 10 that Banque de France deputy governor Denis Beau urged stricter limits under the EU’s MiCA framework on payments using non-euro stablecoins, with particular concern around foreign-currency tokens such as dollar-pegged stablecoins. Together, the developments indicate broader French regulatory pressure on both crypto monitoring and the use of non-euro digital assets in payments.

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