Crypto: Paul Midy opposes the declaration of wallets from €5,000

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The EPR deputy for Essonne Paul Midy opposed during the session the obligation to declare self-hosted cryptos from €5,000. MEPs rejected this amendment. Then the rejection of the 2027 budget by 458 votes to 0 won the €100,000 version.

The setting is the National Assembly and amendment I-3922 by Nicolas Sansu (GDR). His idea: each holder of a self-hosted wallet would notify its value to the tax authorities each year from €5,000. Concretely, this is the wallet to which you alone keep the keys.

Paul Midy first compared crypto to other goods. When you have jewelry at home, or a painting, you have no reporting obligation, he recalled.

He then contested the effectiveness of the device. “Do you think that those who defraud are stupid enough to say to themselves: hey, I’m going to declare my cryptoasset that I defrauded? “, he said in an intervention published on his X account.

The MP also highlighted security. He recalled that entrepreneurs in the sector are being attacked in France, and fears that a file of crypto holders will become a target. On July 23, he tabled a proposed crypto law co-signed by 91 deputies, still pending in the finance committee.

🔒 We must protect crypto entrepreneurs, not throw them to thieves! Every 3 days for several months, entrepreneurs in the cryptoasset sector have been attacked, housejacked, sometimes kidnapped to steal their crypto wallets, in particular because… pic.twitter.com/dHbc2yHq2P

The authors of the amendments start from a numerical observation. In the presentation of his text, Charles de Courson (LIOT) compares 3.5 billion euros of crypto capital gains realized in 2021 and 400 million euros of declared assets.

The discrepancy has a technical explanation. The declaration of digital asset accounts opened abroad only concerns platforms. The European directive DAC8, which has organized the exchange of tax information since 2026, also targets service providers. Individuals who keep their keys stay off the radar.

On the threshold, opinions differ. Nicolas Sansu was aiming for €5,000, or €50,000 in decline. Charles de Courson withheld €100,000 as of December 31, with a fine of up to €10,000 if forgotten.

The deputies rejected the €5,000 amendment on November 3, as its fallback version. The same evening, they adopted amendment I-2701 from Charles de Courson. The Bitcoin.fr site detailed this vote.

Short-lived victory. On the evening of November 4, the Assembly rejected the part of the 2027 budget by 458 votes to 0. The declaration of wallets fell with it, like the tax on conversions into .

Machine-translated from French