France promotes new regulations requiring the declaration of the market value of self-custodied encrypted assets, raising privacy concerns.

On December 12, France promoted Amendment 1649AC, requiring citizens to declare the exact market value of their self-custodied encrypted assets, even if no taxable transactions have occurred. Critics warn that this measure constitutes an inappropriate intrusion into private life and could create a dangerous "information honeypot" containing names, addresses, and specific encrypted asset balances.