According to Journal Du Coin, France recently decided at the joint parliamentary committee (CMP) meeting to officially revoke Article 3, Paragraph 4 from the anti-tax and anti-social fraud bill. This clause originally required taxpayers to annually report self-custodied crypto wallets with a value exceeding 5,000 euros. With ongoing lobbying from industry organizations such as the French Digital Asset Association (ADAN), legislators ultimately recognized the technical implementation difficulties and potential user privacy and security risks associated with the regulation, leading to a compromise to cancel the clause. However, the report pointed out that France's overall efforts to combat tax fraud have not weakened, and the EU's DAC 8 directive will gradually come into effect by 2026 to enhance the automatic exchange of cross-border crypto asset tax information.