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France Mandates Crypto Reporting
French lawmakers have backed a proposal to require individuals to report self-custodied crypto holdings worth at least €100,000. The rule, which includes fines of up to €10,000 for noncompliance, aims to increase transparency in the crypto market. The mandate covers self-custodied crypto wallets and applies to assets worth more than €100,000. The proposal is part of broader efforts to regulate the crypto industry in France, following similar measures in other countries like Switzerland and the United States.