France has officially backed a new regulatory amendment requiring residents to report self-custodied cryptocurrency assets valued at 100,000 euros or more. This measure aims to close potential tax evasion loopholes and increase financial transparency regarding decentralized digital currencies. By targeting individuals who store their crypto on private hardware wallets rather than traditional exchanges, French authorities are aligning digital assets with traditional wealth reporting standards. The policy reflects a broader European push to tighten oversight on the rapidly growing cryptocurrency market. Ultimately, this reporting obligation seeks to balance innovation with stricter compliance across the financial sector.