The French National Assembly has passed a controversial law requiring individuals to disclose cryptocurrency holdings exceeding €5,000 in self-custody wallets, such as Metamask and Ledger, to the country's tax authority, the DGFIP. This move, part of an anti-fraud initiative, has sparked concerns over privacy and security, as the DGFIP lacks the means to verify the ownership of these assets and warns of increased risks of cyberattacks targeting sensitive data. Despite opposition from figures like Deputy Daniel Labaronne, who questioned the feasibility of enforcing such a measure, the proposal was not suppressed. Critics, including Gregory Raymond of The Big Whale, argue that the law is unlikely to succeed due to governmental resistance and the potential for making crypto holders vulnerable to hacking. The measure aims to combat tax evasion but faces significant hurdles in implementation and acceptance.