France Committee Advances Taxes on Stablecoin Conversions

France’s National Assembly Finance Committee approved several crypto tax measures that would change how some digital-asset transactions and overseas moves are taxed.

The proposals include taxing crypto-to-stablecoin conversions for French residents beginning in 2027. The committee also approved a measure allowing crypto losses to be carried forward for 10 years.

Crypto holders with more than €800,000 in assets who leave France could face an exit tax. Self-custody wallets valued at least €100,000 may also require disclosure.

The measures build on debate over France’s treatment of crypto conversions. Earlier proposals would have changed the timing of taxes on conversions into regulated stablecoins while preserving deferral for some other digital-asset trades. French executives previously proposed taxing crypto conversions into regulated stablecoins.

The committee is reviewing 10 crypto-related budget amendments. It rejected a proposal to extend the personal wealth tax to crypto assets, while measures covering self-custody wallet disclosures and penalties for crypto platforms remain under consideration.

The measures have not yet become law. France’s crypto capital-gains tax rate is 31.4%.

Separately, the European Union’s DAC8 rules require crypto platforms to collect customer identity and transaction information from 2026 and report it to tax authorities from 2027.