Sometimes, no decision… is the right decision. 🧡
A proposal that had been on the table for months is now off the table: the obligation to declare self-hosted crypto wallets will not be implemented (in France, at this stage of the bill).
Let’s rewind quickly, because the idea was simple: require individuals to annually declare their self-custodial wallets.
Does someone think about better oversight or stronger fight against fraud? On paper maybe.
In practice? serious questions around effectiveness and security.
Because this is the uncomfortable truth:
The debate was never about being “for” or “against” regulation. It was about how to regulate.
Where do you draw the line between fighting fraud and increasing risk exposure for users?
This decision suggests something important: policymakers are starting to understand that not all solutions translate well into the crypto world!
Credit where it’s due: industry actors who engaged constructively, institutions that listened and a process that didn’t rush a complex topic.
Because in a space like this… bad regulation can be worse than no regulation.
The real challenge ahead remains: building frameworks that are effective, proportionate and adapted to how the technology actually works. Step by step.
Let’s keep moving in the right direction. 🧡
