France Panel Advances Stablecoin Tax and Crypto Exit-Tax Rules

France’s National Assembly Finance Committee advanced two crypto-tax measures that would affect stablecoin conversions and taxpayers leaving the country, but neither proposal has passed the full Assembly or become law.

The committee adopted Amendment I-CF1826 on Oct. 7 as part of France’s 2027 finance bill. It would remove tax deferral for crypto exchanges in which the seller receives an electronic-money token, including certain fiat-pegged stablecoins. The measure would apply to transactions beginning Jan. 1, 2027.

A separate amendment, I-CF1822, would extend France’s exit-tax framework to unrealized gains on crypto assets when a taxpayer moves their tax residence outside France. It sets an €800,000 threshold for total crypto holdings and would apply to transfers beginning Jan. 1, 2027.

The proposed framework includes valuation, reporting, payment-deferral and enforcement provisions. Implementation details would be set by decree, and the amendment does not establish a separate crypto tax rate.

France introduced its 2027 finance bill in the National Assembly on Oct. 1. The amendments must advance through the remaining legislative process before they can impose binding requirements.