In France, a new initiative is being discussed, aimed at regulating the cryptocurrency market. According to the proposal, users may be required to disclose funds exceeding €5 000, which are stored in non-custodial wallets.

This is about popular solutions for self-storage of cryptocurrency, where the user fully controls their assets. Such wallets allow managing funds without the participation of third parties and are widely used in the crypto market.

The proposed measure is aimed at increasing transparency and control over the movement of digital assets. At the same time, it is noted that the technical capabilities to check such data remain limited, as only their owner has access to such wallets.

The initiative reflects the general trend of strengthening cryptocurrency regulation in different countries. States strive to adapt legislation to new financial instruments, maintaining a balance between the development of technologies and control over financial flows.

Despite the discussion of new requirements, non-custodial wallets continue to remain an important part of the cryptocurrency infrastructure, providing users with a high level of control over their funds.