Current outcome
France's full National Assembly has passed by a single vote a 2027 budget amendment removing tax deferral for crypto-to-MiCA-stablecoin conversions, treating them as taxable disposals from January 1, 2027; the finance committee had also adopted a 31.4% rate, self-custody reporting above €100,000, and a crypto exit tax, while rejecting the revenue section; the measures remain in first reading, are not law, and still require Senate review, with votes expected Oct. 20 and Nov. 17.
Progress timeline
6 material updates- #01
French lawmakers back stablecoin swap tax in 2027 budget bill
France's National Assembly Finance Committee approved an amendment to the 2027 budget bill that would tax crypto-to-stablecoin swaps as capital gains events starting January 1, 2027, and extend the exit tax on unrealized gains to crypto investors with household holdings above €800,000 relocating abroad.
Source evidence: Cointelegraph
- #02
French Committee Backs Stablecoin Swap Tax and Crypto Exit Tax, Then Rejects the Budget
France's National Assembly Finance Committee approved amendments to tax crypto-to-stablecoin swaps and impose a crypto exit tax on wealthy households, then rejected the budget's entire revenue section, sending the government's original text to the floor.
Source evidence: Decrypt
- #03
French lawmakers back reporting rule for crypto wallets over $112K
France's National Assembly Finance Committee also adopted an amendment (I-CF821) requiring holders of self-custodied crypto worth €100,000 or more to report holdings annually, with fines up to €10,000 for non-declaration.
State after update: France's National Assembly Finance Committee has adopted five crypto-related amendments (including a stablecoin swap tax, crypto exit tax, and self-custody wallet reporting), then rejected the budget's revenue section; the crypto amendments must be resubmitted during parliamentary debate to become law.
Source evidence: Cointelegraph
- #04
Proposed French tax on regulated stablecoins could drive crypto traders offshore
New facts: a separate Oct. 7 amendment backed by the finance committee would allow crypto losses to be carried forward up to 10 years; Chainalysis' France CEO warned the 31.4% regulated-stablecoin tax could push trading toward unregulated offshore stablecoins; lawmakers have until Dec. 10 to pass the 2027 budget.
State after update: France's National Assembly finance committee has adopted multiple crypto tax amendments in the 2027 budget, including a 31.4% capital gains tax on crypto-to-MiCA-stablecoin swaps, annual reporting for self-custody wallets holding €100,000 or more, an expanded exit tax, and 10-year crypto loss carryforwards; it then rejected the budget's revenue section 31-3. The amendments must be resubmitted to the full National Assembly, a revenue vote is expected Oct. 20, and the budget must pass by Dec. 10; no measure is yet law.
Source evidence: CoinDesk
- #05
France Considers 31.4% Tax on Crypto-to-MiCA Stablecoin Conversions From 2027
Adds the specific 31.4% capital gains tax rate on crypto-to-MiCA-regulated-stablecoin conversions in France's 2027 budget amendment; the finance committee rejected the government's revenue section by 31 votes to 3; a revenue vote is expected Oct. 20; no measure is law yet.
State after update: France's National Assembly Finance Committee has adopted amendments including a 31.4% crypto-to-MiCA-stablecoin tax, self-custody wallet reporting above €100,000, and a crypto exit tax, then rejected the budget's revenue section 31-3; the amendments return to the full National Assembly, with a revenue vote expected Oct. 20 and no measure yet law.
Source evidence: wublockchainenglish
- #06
【法国国民议会以一票优势通过加密货币兑换稳定币征税修正案】
France's full National Assembly passed by 38 votes to 37, with 25 abstentions, a 2027 budget amendment that would remove tax deferral for crypto-to-MiCA-defined-stablecoin conversions starting January 1, 2027, treating them as taxable disposals; the amendment remains in first reading and is not law, with the Assembly expected to vote on the budget's first part Oct. 20 and the whole bill Nov. 17.
State after update: France's full National Assembly has passed by a single vote a 2027 budget amendment removing tax deferral for crypto-to-MiCA-stablecoin conversions, treating them as taxable disposals from January 1, 2027; the finance committee had also adopted a 31.4% rate, self-custody reporting above €100,000, and a crypto exit tax, while rejecting the revenue section; the measures remain in first reading, are not law, and still require Senate review, with votes expected Oct. 20 and Nov. 17.
Source evidence: foresightnews