French lawmakers back reporting rule for crypto wallets over $112K

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French lawmakers approve a rule requiring crypto‑wallets holding assets above €100,000 (≈$112,000) to be reported to tax authorities, with non‑compliance punishable by fines up to €10,000. The measure aims to curb tax evasion and increase transparency in digital‑asset holdings, prompting investors to disclose positions and potentially tightening liquidity as traders adjust to heightened regulatory scrutiny.