bitcoin newsOct 12, 2026AI summary

French Lawmakers Back Reporting for Crypto Wallets Above $112K

French lawmakers have backed a crypto wallet reporting requirement, with potential fines of up to €10,000 for failing to declare qualifying assets.

French Lawmakers Back Reporting for Crypto Wallets Above $112K

French lawmakers have supported a reporting requirement for holders of crypto wallets valued above $112,000, according to Cointelegraph.

Failure to declare assets covered by the requirement could carry a fine of up to €10,000.

The source item does not specify when the requirement would take effect or how wallet values would be assessed.

Source: Cointelegraph

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