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The Finance Committee of the French National Assembly has passed an amendment to require the declaration of self managed wallet encrypted assets with a year-end value of 100000 euros (approximately 112000 US dollars) or more. Those who fail to declare will face a maximum fine of 10000 euros (approximately 11000 US dollars). This regulation has not yet become law. Nym CEO Harry Halpin stated that French tax officials are suspected of selling taxpayer data to criminals, and the addition of declaration requirements threatens the security of holders. Zama founder Rand Hindi calls on French cryptocurrency holders to leave France, and those who cannot leave should hire security for their families. (Source: Decrypt)