France Moves to Require Disclosure of Self-Custody Crypto Wallets Over €5,000
France is tightening its grip on crypto regulation as the French National Assembly advances a new law requiring users to disclose self-custody wallets holding more than €5,000.
The measure, introduced as part of an anti-tax fraud framework, would apply to popular wallets like MetaMask, Phantom, and even hardware wallets such as Ledger—marking a significant shift toward increased transparency in decentralized asset ownership.
However, the proposal has sparked controversy, with officials warning that centralizing sensitive data—such as wallet balances and owner identities—could expose crypto holders to hacking risks. Critics also argue that enforcement may be difficult due to the decentralized nature of self-custody assets, and the law still faces additional approval stages before becoming fully effective.
Clever Robot News Desk 11th April 2025
