Add as a preferred source on GoogleFrance Finance Committee Approves Three Crypto Tax Measures
The committee voted on 10 amendments, including proposals on stablecoin conversions, crypto losses, an €800,000 exit-tax threshold and self-hosted wallet disclosures.
France’s Finance Committee approved three crypto-related budget amendments after voting on 10 amendments for the country’s 2027 budget. A separate proposal would require disclosures for certain self-hosted wallets.
The approved amendments would treat stablecoin conversions as taxable events beginning Jan. 1, 2027. They would also apply an exit tax to crypto assets worth more than €800,000 when a taxpayer leaves France and allow crypto losses to be carried forward for 10 years.
The measures have not become law. They are part of France’s broader crypto tax proposals, which include changes affecting digital-asset transactions and self-custody.
Lawmakers rejected a proposal to expand France’s personal wealth tax to crypto assets. An amendment submitted by Paul Midy to reduce taxation was ruled inadmissible under Article 40 of the French Constitution, which bars measures that reduce public revenue.
A separate proposal would require taxpayers to declare self-hosted wallets holding at least €100,000 in crypto assets. Noncompliance could result in a fine of up to €10,000.
The National Assembly is scheduled to review the amendments from Oct. 13 to Oct. 19. A final vote on the budget is scheduled for Nov. 17.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.